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E-Malt.com Flash 46a
November 10 - November 12, 2025
Quote of the Week
Beer will always have a definite role in the diet of an individual and can be considered a cog in the wheel of nutritional foods.
Bruce Carlton
Currency Rates
Base Currency: Euro
on November 12, 2025 |
Base Currency: US Dollar
on November 12, 2025 |
| |
1 EUR = 1.1574 USD
1 EUR = 0.8796 GBP
1 EUR = 1.6228 CAD
1 EUR = 1.7732 AUD
1 EUR = 178.4300 JPY
1 EUR = 6.1160 BRL
1 EUR = 93.9237 RUB
1 EUR = 8.2358 CNY
|
|
1 USD = 0.8639 EUR
1 USD = 0.7599 GBP
1 USD = 1.4021 CAD
1 USD = 1.5320 AUD
1 USD = 154.1600 JPY
1 USD = 5.2844 BRL
1 USD = 81.1521 RUB
1 USD = 7.1159 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 12, 2025 |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
194.00-196.00 |  1.04% |
| 6RW Malting Barley (FOB Creil) |
191.00-193.00 | 1.05% |
Feed Barley (FOB Creil) |
180.00-182.00 |  3.21% |
| 2RS Malt (FOB Antwerp) |
528.00-530.00 | 0.47% |
| 6RW Malt (FOB Antwerp) |
524.50-526.50 | 0.47% |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
220.00-222.00 | 0.91% |
| 6RW Malting Barley (FOB Creil) |
205.00-207.00 | 0.98% |
Feed Barley (FOB Creil) |
186.00-188.00 |  |
| 2RS Malt (FOB Antwerp) |
559.50-561.50 | 0.44% |
| 6RW Malt (FOB Antwerp) |
541.00-543.00 | 0.46% |
German Malting Barley
Crop 2025
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.
Brazil: Agraria announces R$1.1 billion in modernization and expansion of Guarapuava malting plant
...Click here
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The Philippines: San Miguel Food and Beverage sees nine-month profit rise by 11%
...Click here
|
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Turkey: Anadolu Efes reports robust third-quarter results
...Click here
|
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Japan: Suntory’s nine-month revenue achieves a slight increase
...Click here
|
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Japan: Asahi struggles to recover from cyberattack ahead of busiest beer-drinking season
...Click here
|
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Chile & Argentina: Chilean brewer CCU reports third-quarter results largely in line with previous trends
...Click here
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World: Global barley crop forecast unchanged at 150.5 mln tonnes
...Click here
|
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EU & UK: Favourable weather contributes to significant progress in winter barley plantings
...Click here
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Australia: 2024/25 barley exports second-largest on record
...Click here
|
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Argentina: Malting barley prices slightly down as very little trade is concluded at the moment
...Click here
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India: India poised to emerge as largest scotch market
...Click here
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USA, ID: Less demand for hops reduces crops in Idaho
...Click here
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Vietnam: Brewer Sabibeco posts sharp turnaround in performance since acquisition by Sabeco
...Click here
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World: Diageo considers external candidates as CEO, sources say
...Click here
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Graph of the week
Table of the week
Barley and Wheat Usage by UK Maltsters, Brewers, and Distillers
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 November
1544 - Antwerps painter John Matsys banished
1891 - Granville T. Woods patents electric railway
1951 - 1st long distance telephone call without operator assistance
1997 - WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time)
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
Agenda
November 2025:
10 - 12: 15th Iberoamerican VLB Symposium Brewing & Filling Technology (Parana, Brasil)
13 - 15: Drink Technology India 2025 (Bombay Exhibition Centre, Mumbai, India)
15 - 18: The International Beer Cup 2025 (Osaka, Japan)
December 2025:
03 - 05: Drink Japan 2025 (Makuhari Messe, Japan)
February 2026:
05 - 06: Glug Swiss 2026 (Alte Reithalle, Aarau, Switzerland)
13 - 16: HoReCa 2026 (Athens, Greece)
15 - 17: BBTech Expo 2026 (Rimini, Italy)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
18 - 19: BeerX 2026 (Liverpool, UK)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22 May: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (Edinburgh, UK)
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
November 2026:
10 - 12: Brau Beviale 2026 (Nuremberg, Germany)
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Malt News
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EU: Malt export pace still trailing last year’s
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The pace of EU-27 malt exports is still trailing the levels seen in the previous four shipping seasons, RMI Analytics reported.
In the first 17
...More info on site
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Brazil: Agraria announces R$1.1 billion in modernization and expansion of Guarapuava malting plant
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Brazil’s leading maltster Cooperativa Agrária has announced an investment of R$1.1 billion to modernize and expand its industrial unit located in the Entre Rios
...More info on site
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Brewery News
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USA: Current outlook for beer volume disheartening
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The current outlook for beer volume in the U.S. is disheartening, as the overall NBWA Index dropped to 24 in October, RMI Analytics said
...More info on site
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The Philippines: San Miguel Food and Beverage sees nine-month profit rise by 11%
|
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San Miguel Food and Beverage Inc. (SMFB), the maker of San Miguel beer and Purefoods hotdogs, boosted its nine-month profit by 11 percent to
...More info on site
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Turkey: Anadolu Efes reports robust third-quarter results
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Anadolu Efes reported robust third-quarter results for 2025, surpassing market expectations in both earnings per share (EPS) and revenue. The company posted an EPS
...More info on site
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Japan: Suntory’s nine-month revenue achieves a slight increase
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Suntory Beverage & Food Limited reported its financial results for the nine months ending September 30, 2025, showing a slight increase in revenue to
...More info on site
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World: Diageo could be forced to spin off Guinness
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Diageo is braced for a swoop by an activist investor that would force it to sell its Guinness brand after a profits alert sent
...More info on site
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Japan: Asahi struggles to recover from cyberattack ahead of busiest beer-drinking season
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As Japan enters its busiest beer-drinking period, the nation’s biggest brewer, Asahi Group Holdings Ltd., continues to face the brunt of the Asahi cyberattack
...More info on site
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Chile & Argentina: Chilean brewer CCU reports third-quarter results largely in line with previous trends
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Compañía Cervecerías Unidas (CCU) reported 3Q25 results, which, although largely in line with previous trends, do show some changes, the Seeking Alpha reported on
...More info on site
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Brazil: Brewers bet on Q4 to recover lost volume
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After a year marked by weakened beer consumption, the industry is placing its hopes on the fourth quarter, a crucial period for beverage sales.
...More info on site
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World: Diageo names Dave Lewis to be its next CEO
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Diageo has named consumer products veteran Dave Lewis to be its next CEO as the Guinness and Johnnie Walker owner grapples with changing consumer alcohol preferences and considers selling off some of its brands, Yahoo! Finance reported on November 10.
Lewis will become Diageo CEO and executive director effective Jan. 1, 2026. Lewis joins after most recently serving as chair of Haleon, a pharmaceutical company founded in 2022. Prior to that, Lewis was the Group CEO for British supermarket chain Tesco.
Still, Lewis is no stranger to the CPG industry. He spent nearly three decades at Unilever, serving in marketing and business roles, including as president of the Americas and global president for personal care. He currently serves as non-executive board director of PepsiCo.
The appointment comes after a months-long search process following the departure of former CEO Debra Crew in July, who left as part of a mutual agreement with Diageo amid a slowdown in alcohol sales. CFO Nik Jhangiani, who has held the CEO role on an interim basis, will return to the chief financial officer position following Lewis’ appointment.
“Dave has both the extensive CEO experience, and the proven leadership skills in building and marketing world-leading brands, that is right for
...More info on site
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Vietnam: Brewer Sabibeco posts sharp turnaround in performance since acquisition by Sabeco
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The 20-year-old Saigon Binh Tay Beer Group (Sabibeco) has posted a sharp turnaround in performance after top brewer Saigon Beer-Alcohol-Beverage Corporation (Sabeco) took control of the company, The Investor reported on November 11.
Sabibeco’s Q3 financial report showed revenue of nearly VND745 billion ($28.32 million), up 53.7% from a year earlier, while net profit soared to VND66 billion ($2.51 million) from a loss of nearly VND10 billion in the same period last year - a rise of 833%.
The Ho Chi Minh City-based company attributed the improvement to cost reductions and lower borrowing expenses.
Financial costs fell 48% year-on-year to VND2.5 billion as short-term debt dropped to under VND149 billion ($5.66 million) by September 30. Selling expenses declined to VND2.4 billion from VND7 billion, while administrative costs eased to VND12 billion from VND13.6 billion.
Gross profit in Q3 surged 553% year-on-year to nearly VND86 billion ($3.27 million). Pre-tax profit reached VND71 billion, while profit after tax hit VND66 billion ($2.51 million). In the same period last year it lost nearly VND10 billion.
For the first nine months of 2025, Sabibeco reported net revenue of VND2.31 trillion ($87.65 million), up 52%, and net profit of VND108 billion ($4.11 million), reversing a loss of VND76.5 billion in
...More info on site
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World: Diageo considers external candidates as CEO, sources say
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Diageo, the world's top spirits maker, has considered external candidates to be its chief executive, including outgoing GSK CEO Emma Walmsley, the Financial Times reported on November 7, citing people familiar with the situation.
Diageo and GSK did not immediately respond to Reuters requests for comment.
In September, GSK said Walmsley would step down at the end of the year and be replaced by insider Luke Miels. Walmsley served for more than eight years in the role, making her the most senior female CEO in Britain.
Interim Diageo CEO Nik Jhangiani stepped in after the abrupt exit of former CEO Debra Crew in July, after she struggled to win over investors following a bumpy start to her tenure.
Jhangiani previously said he expected a decision on a permanent replacement by the end of October, but the company did not provide an update when it cut its sales and profit forecasts on Thursday.
Cranley Macfarlane, deputy chief investment officer at Diageo investor Church House Investments, said this raised questions about why Jhangiani had not been made CEO on a permanent basis, as some had expected.
On November 6, Diageo said it expected 2026 sales to be "flat to slightly down" with only low- to mid-single-digit operating profit
...More info on site
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Thailand: Thailand tightens alcohol rules
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People in Thailand wanting to quench their thirst with an afternoon tipple risk steep fines from Nov 8 under amended alcohol control legislation that strengthens enforcement and significantly tightens restrictions around marketing and advertising, the Straits Times reported on November 8.
Alcohol sales in Thailand have been banned at most retail outlets and supermarkets between the hours of 2pm and 5pm since 1972, but changes to The Alcoholic Beverage Control Act that take effect on Nov 8 now mean individuals can be fined 10,000 baht (S$402) or more for drinking or being served alcoholic beverages during prohibited times or in prohibited places.
Some media reports also say the prohibition runs from midnight to 11am.
Although there are exemptions for licensed entertainment venues, hotels, certified establishments in tourist areas and airports offering international flights, the onus has been shifted to consumers, and the tightened laws also prohibit advertising of alcoholic beverages unless the content is purely factual.
The use of celebrities, influencers or public figures to promote alcoholic beverages for commercial purposes is also banned.
The new regulations will have an adverse effect on restaurants because it is the customer that is now “restricted” by the stipulated sale hours, said Mr Chanon Koetcharoen, president of the
...More info on site
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Barley News
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World: Global barley crop forecast unchanged at 150.5 mln tonnes
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The forecast for the global barley crop'25 remains unchanged at 150.5 mln tonnes, while the global market awaits the completion of southern hemisphere crops,
...More info on site
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EU & UK: Favourable weather contributes to significant progress in winter barley plantings
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Favourable weather conditions have significantly contributed to excellent progress in winter barley planting in Europe, with 80% reportedly sown compared to the average of
...More info on site
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Australia: 2024/25 barley exports second-largest on record
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The Australian grain marketing season runs from October to September each year, and with the release of the nation’s September export data by the
...More info on site
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Argentina: Malting barley prices slightly down as very little trade is concluded at the moment
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Argentina’s malting barley FOB price is slightly down, while feed barley is unchanged. There is demand in the market but buyers’ have lower price
...More info on site
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Hops News
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USA, ID: Less demand for hops reduces crops in Idaho
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A well-kept agricultural secret is that Idaho has long been considered one of the nation’s top producers of hops, a key ingredient in beer,
...More info on site
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Whisky News
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India: India poised to emerge as largest scotch market
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India is poised to become the largest global scotch whisky market in value and volume terms over the next few years, fuelled by competitive
...More info on site
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