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E-Malt.com Flash 09a
February 23 - February 25, 2026
Quote of the Week
Do what you can, with what you have, where you are.
Theodore Roosevelt
Currency Rates
Base Currency: Euro
on February 25, 2026 |
Base Currency: US Dollar
on February 25, 2026 |
| |
1 EUR = 1.1779 USD
1 EUR = 0.8728 GBP
1 EUR = 1.6142 CAD
1 EUR = 1.6687 AUD
1 EUR = 183.2990 JPY
1 EUR = 6.0820 BRL
1 EUR = 89.9122 RUB
1 EUR = 8.1205 CNY
|
|
1 USD = 0.8489 EUR
1 USD = 0.7409 GBP
1 USD = 1.3704 CAD
1 USD = 1.4166 AUD
1 USD = 155.6110 JPY
1 USD = 5.1636 BRL
1 USD = 76.3345 RUB
1 USD = 6.8942 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| February 25, 2026 |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
192.00-194.00 |  0.52% |
| 6RW Malting Barley (FOB Creil) |
190.00-192.00 | 0.52% |
Feed Barley (FOB Creil) |
188.00-190.00 | 1.31% |
| 2RS Malt (FOB Antwerp) |
527.50-529.50 | 0.23% |
| 6RW Malt (FOB Antwerp) |
525.00-527.00 | 0.23% |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
218.00-220.00 | 3.10% |
| 6RW Malting Barley (FOB Creil) |
204.00-206.00 | 1.44% |
Feed Barley (FOB Creil) |
186.00-188.00 | 1.58% |
| 2RS Malt (FOB Antwerp) |
557.00-559.00 | 1.52% |
| 6RW Malt (FOB Antwerp) |
540.00-542.00 | 0.68% |
German Malting Barley
Crop 2025
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.
World: Diageo sees 2.8% drop in organic sales in H1 of its 2026 financial year
...Click here
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Austria: Beer market records 7.1% decline in output in 2025
...Click here
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India: Carlsberg reported to have begun preparations for potential listing of its India unit
...Click here
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UK: Molson Coors to shut Sharp’s Brewery in Cornwall, national contact centre in Cardiff
...Click here
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South Korea: Sapporo Brewery achieves steep growth in South Korea’s imported beer market
...Click here
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World: Anticipated barley crop decrease not a worry for global markets at the moment
...Click here
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Canada: Combined results of barley crops 2025 and 2026 leave very ample supply for the region
...Click here
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UK: HSBC working urgently to shield itself from significant losses due as BrewDog teeters on edge of split-up
...Click here
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France: Heavy rains lead to worsening of winter grains condition, halt spring barley sowings
...Click here
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UK: Suntory to combine teams at Islay whisky distilleries Bowmore and Laphroaig
...Click here
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The Czech Republic: Breweries struggling to fill positions for brewmasters and technical staff
...Click here
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Ireland: Pint of stout surpasses €6 for the first time
...Click here
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UK: Heineken UK is introducing brand-new version of Cruzcampo beer
...Click here
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UK: Asahi announces alcohol-free extensions for Peroni Nastro Azzurro
...Click here
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Graph of the week
Table of the week
Australia Hops Area and Production 2017-2025s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 February
1886 - Aluminum manufacturing process developed
1886 - London Times publishes world's 1st classified ad
1965 - Michael Dell is born. He later drops out of the University of Texas at Austin to found Dell Computer Corp. with the radical idea of assembling made-to-order computers
24 February
1921 - 1st transcontinental flight in 24 hours flying time
1986 - Texas Air buys Eastern Airlines for $676 million
1995 - Dow-Jones hits record 4011.74
25 February
1791 - 1st Bank of U.S. chartered
1837 - 1st U.S. electric printing press patented by Thomas Davenport
1862 - Paper currency introduced in U.S. by President Abraham Lincoln
Agenda
February 2026:
23 - 23: Beer Experience 2026 (Antwerp, Belgium)
27 - 01 March: Finest Spirits 2026 (Munich, Germany)
March 2026:
04 - 07: Festival Brasileiro da Cerveja 2026 (Blumenau, Brazil)
15 - 17: Planete Biere Marseille 2026 (Marseille, France)
18 - 19: BeerX 2026 (Liverpool, UK)
20 - 22: St Malo Craft Beer Expo 2026 (St Malo, France)
24 - 26: RMI Global Conference 2026 (Lisbon, Portugal)
24 - 26: 110th International Brewing & Engineering Conference 2026 (Erding, Germany)
26 - 28: Warsaw Beer Festival 2026 (Warsaw, Poland)
April 2026:
07 - 09: Craft Beer China 2026 (Shanghai, China)
10 - 11: InnBrew 2026 (Barcelona, Spain)
10 - 12: Barcelona Beer Festival 2026 (Barcelona, Spain)
16 - 18: KIBEX 2026 (Seoul, South Korea)
20 - 22: Craft Brewers Conference & BrewExpo America 2026 (Philadelphia, USA)
22 - 22: World Beer Cup 2026 (Pennsylvania Convention Center, Philadelphia, USA)
22 - 22: World Beer Cup 2026 (Pennsylvania Convention Center, Philadelphia, USA)
28 - 30: 28th Annual International Beer and Cider Strategies 2026 (InterContinental Barcelona, Spain)
May 2026:
04 - 07: Worldwide Distilled Spirits Conference 2026 (EICC, Edinburgh, Scotland, UK)
04 - 10: Budapest Beer Week 2026 (Budapest, Hungary)
19 - 21: Expo Antad & Alimentaria Mexico 2026 (Expo Guadalajara, Jalisco, Mexico)
29 - 30: Copenhagen Beer Festival 2026 (Copenhagen, Denmark)
29 - 30: Tallinn Craft Beer Weekend 2026 (Tallinn, Estonia)
June 2026:
08 - 10: Brewing Conference Bangkok 2026 (Muang Thong Thani, Impact Challenger Hall, Jupiter 4-5, Bangkok, Thailand)
09 - 10: IGC Grains Conference 2026 (2 Savoy Place, London, UK)
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
17 - 18: Global Beer Summit 2026 (Brussels, Belgium)
July 2026:
17 - 18: London Craft Beer Festival 2026 (London, UK)
August 2026:
06 - 08: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2026 (799 Nguyen Van Linh Street, Tan My Ward, Ho Chi Minh City, Vietnam)
21 - 22: Beervana 2026 (Wellington, New Zealand)
September 2026:
12 - 13: Bruges Beer Festival 2026 (Bruges, Belgium)
19 - 04 October: Oktoberfest 2026 (Munich, Germany)
24 - 27: Mondial de la Biere 2026 (Montreal, Canada)
26 - 28: Whisky Live Paris 2026 (Paris, France)
October 2026:
08 - 10: The Great American Beer Festival 2026 (Denver, USA)
15 - 16: Salon du Brasseur 2026 (Parc Expo Nancy, France)
23 - 25: Stockholm Beer & Whisky Festival 2026 (Stockholm, Sweden)
28 - 29: Brew Asia 2026 (Ho Chi Minh City, Vietnam)
31 - 03 November: Planete Biere Rennes 2026 (Rennes, France)
November 2026:
10 - 12: Brau Beviale 2026 (Nuremberg, Germany)
23 - 25: 16th Iberoamerican VLB Symposium Brewing & Filling Technology (Panama)
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Brewery News
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World: Diageo sees 2.8% drop in organic sales in H1 of its 2026 financial year
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Drinks giant Diageo reported on February 25 a 2.8% drop in organic sales in the first half of its 2026 fiscal year due to
...More info on site
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Austria: Beer market records 7.1% decline in output in 2025
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Austria’s beer market recorded a decline in total output by 7.1 percent to 9.25 million hectolitres last year, vol.at reported on February 24.
The reasons
...More info on site
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World: Diageo unveils major cost-saving measures
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Drinks giant Diageo, the company behind Guinness and Johnnie Walker, has once again downgraded its financial outlook and significantly cut its shareholder dividend payout,
...More info on site
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New Zealand: Beer consumption falls to record lows
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New Statistics New Zealand data showed the volume of beer available for consumption fell ten percent to 265 million litres in the year ended
...More info on site
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India: Carlsberg reported to have begun preparations for potential listing of its India unit
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Carlsberg A/S has appointed three banks and begun preparations for a potential listing of its India unit that could raise as much as $700 million, according to people familiar with the matter, the Economic Times reported on February 23.
The company has picked Kotak Mahindra Capital Co. and the local units of JPMorgan Chase & Co. and Citigroup Inc. as advisers on the proposed share sale, the people said, asking not to be identified because the information is private. A draft red herring prospectus could be filed as early as May, they said.
The offering is expected to consist of a secondary share sale by the parent company and could take place later this year, the people said. Details, including the size, structure and timing of the transaction, are still being finalized and may change.
A listing would position the brewer alongside a growing number of multinational companies tapping Indian markets to capitalize on higher local valuations. Hyundai Motor Co., LG Electronics Inc. and Carraro India Ltd. have all listed their Indian operations in the last two years to access the country’s deep domestic investor base. Hyundai Motor trades at 11 times estimated earnings for this year, compared with about 32 times for
...More info on site
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South Korea: Sapporo Brewery achieves steep growth in South Korea’s imported beer market
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Sapporo Brewery showed a steep growth in South Korea’s imported beer market last year, raising its market share from fourth to third. As a result, Sapporo Beer ranked third in South Korea’s import beer brands after Asahi and Heineken, Maeil Business Newspaper reported on February 23.
Citing data from global market research firm Nielsen IQ, MZ Beveridge, Sapporo Beer's official importer, said on the 23rd that Sapporo Beer had a 10% market share in Korea last year. A company official added, "Sapporo Beer is the brand with the largest increase in market share based on sales among domestic imported beer brands in 2025."
Import volumes have also expanded. Last year, imports increased by about 190% annually since 2021, rapidly expanding its presence in the domestic imported beer market.
Basic product competitiveness and new product strategies were behind this growth. Sapporo Beer, which celebrates its 150th anniversary, has secured a stable consumer base with its balanced flavor and clean throat.
Sapporo Draught Beer 70, launched in June last year, is the first product in Japan to be developed after more than 300 trials for about seven years to reduce sugar (carbohydrates) and purine in beer. Both of them were sold out early at the time
...More info on site
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UK: Molson Coors to shut Sharp’s Brewery in Cornwall, national contact centre in Cardiff
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Molson Coors has revealed plans to shut Sharp’s Brewery in Cornwall and its UK national contact centre in Cardiff by the end of the
...More info on site
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UK: HSBC working urgently to shield itself from significant losses due as BrewDog teeters on edge of split-up
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HSBC is working urgently to shield itself from significant losses on tens of millions of pounds lent to BrewDog, as the craft beer company teeters on the edge of being split up, Bitget App reported on February 22.
The bank has secured its loans with BrewDog’s expansive Scottish brewery, granting HSBC the authority to take control of the property if the situation worsens.
This action follows BrewDog’s recent decision to initiate a rapid sale process, managed by restructuring specialists at AlixPartners, as the company struggles financially.
These developments have raised concerns among both investors and creditors about potential financial losses. HSBC is currently BrewDog’s primary lender.
Meanwhile, James Watt, BrewDog’s co-founder, is reportedly preparing to inject £10 million of his own funds in an effort to rescue the business.
According to Sky News, Mr. Watt is gathering a group of investors to purchase the entire company, including its bars, brands, and brewing operations, though the identities of these backers remain undisclosed.
By securing the brewery as collateral, HSBC has strengthened its position in case the sale falls through and BrewDog enters administration.
Recent documents reveal that HSBC’s loans are tied to BrewDog’s main brewery in Ellon, Aberdeenshire. This facility, which opened in 2012 and also houses a
...More info on site
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India: Brewing industry to invest in Uttar Pradesh
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The brewing industry will invest around ₹5,500 crore in Uttar Pradesh in the next three years on setting up of greenfield units and its ancillaries, industry body BAI said.
The beer industry is "betting big" on Uttar Pradesh, said the Brewers' Association of India (BAI), while welcoming the new excise policy announced by the state government, termed it "progressive" and has a "well-balanced approach" for the growth of the industry.
"The beer industry and its ancillary industries will be investing ₹5,500 crore in the next three years," said BAI Director General Vinod Giri.
Elaborating the projects, he said work on two greenfield breweries costing around ₹1500 crore is already underway.
"Similarly, two major aluminium can production plants, which entail investment of ₹2,000 crore, are also in the pipeline, while a few glass production units worth ₹2,000 crore will also come up soon," Giri told PTI.
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The Czech Republic: Breweries struggling to fill positions for brewmasters and technical staff
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Czech breweries are struggling to fill positions for brewmasters and technical staff, Radio Prague International reported on February 24 citing the Czech Beer and Malt Association (Český svaz pivovarů a sladoven).
According to a recent survey of brewing schools and 15 breweries, the biggest shortages are among maintenance workers and mechanics, cited by 87 percent of respondents.
Technologists and machine operators are also in short supply.
While interest in brewing studies remains stable, many students are unaware they can specialise in beer production. Around 130 students enrol in related secondary programmes each year, with about 50 continuing at university level.
Growing automation has further increased demand for skilled technicians across the sector.
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Ireland: Pint of stout surpasses €6 for the first time
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A pint of stout has surpassed €6 for the first time in Ireland, whilst steak prices have jumped by €5 in just 12 months, as food and beverage costs continue their upward climb, the Irish Star reported on February 20.
The most recent consumer price index reveals that the average cost of a pint of the black stuff in a pub now stands at €6.10, representing a 28c increase over the past year. Lager drinkers face an even steeper bill at €6.52, marking a 25c rise compared to January 2025.
Food costs keep climbing as households already struggle with elevated living expenses. Grocery inflation sits at 3.7 per cent, a full percentage point above the overall inflation rate of 2.7 per cent for the year ending in January. White bread has gone up by 4c, butter has climbed 34c, cheddar cheese has increased 45c, bringing 1kg to €11.27. Steak has experienced a substantial price surge over the past year, with a 1kg sirloin cut rising by €4.68.
Meanwhile, in the United States, the price of the beloved Irish stout has also jumped. By early 2025, a pint of Guinness in the United States costs about $7.49 on average, up from $7.13 in 2024,
...More info on site
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UK: Heineken UK is introducing brand-new version of Cruzcampo beer
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Heineken UK is introducing a brand-new Cruzcampo variant called Sevilla Orange, Better Retailing reported on February 23.
Cruzcampo Sevilla Orange has a 3.3% ABV and will be available in convenience channels from this March in 4x440ml can format.
Since launching in August 2023, Cruzcampo now commands a 2.7% value share of the beer category. With the flavoured and fruit beer segment growing +12.4% year-on-year, introducing Cruzcampo Sevilla Orange provides a credible, premium option that gives retailers an opportunity to further capitalise on the brands popularity, according to the supplier. The latest innovation also provides a solution to consumers looking for balance and moderation, with 1 in 3 shoppers looking to the flavoured beer category for a ‘lighter’ drink offering.
Alice Batsford, Cruzcampo senior brand manager said: “Shoppers are increasingly looking for premium lagers that deliver great quality while still offering value for money. With the introduction of Cruzcampo Sevilla Orange we’re able to bring a vibrant new flavour to our range — a refreshing lager that suits evolving consumer trends without compromising on taste and quality.
“With the launch of Cruzcampo Sevilla Orange, we’re staying true to the brand’s authentic Sevillian roots while introducing a flavour that feels both distinctive and naturally aligned with
...More info on site
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UK: Asahi announces alcohol-free extensions for Peroni Nastro Azzurro
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The UK division of Asahi has commenced the rollout of two flavour variants from the 0%-ABV version of beer flagship Peroni Nastro Azzurro in the country, the Global Drinks Intel reported on February 23.
The duo, Peroni Nastro Azzurro 0.0% Limone di Sicilia and Arancia Rossa, are being positioned in the UK as “as a premium, stylish alternative to other alcohol-free beers”, according to Asahi UK, who is backing the release of the variants with a marketing spend in the region of GBP1m (US$1.3m). Kicking off this week in the off-premise channel – 4x33cl can-packs will go on sale through retail multiple Tesco – the variants will expand to the on-premise through restaurant multiple Pizza Express from the start of next month.
The news comes in the same month as Heineken 0.0% was joined by a brace of flavour extensions – Cold Pressed Lime and Nectarine Juniper – for the first time in the US.
“[In the] UK, flavoured beer value sales have increased by GBP3.1m year-on-year, demonstrating a major opportunity for pubs, bars and restaurants,” said Asahi UK, citing moving annual total figures to 21 June last year from Nielsen IQ.
Among the arranged marketing activities will be a presence at the ‘British
...More info on site
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Barley News
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World: Anticipated barley crop decrease not a worry for global markets at the moment
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With a robust supply outcome from global barley crop'25 at 154.8 mln tonnes, the anticipated decrease in forecast for crop'26 to 144.9 mln tonnes
...More info on site
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Canada: Combined results of barley crops 2025 and 2026 leave very ample supply for the region
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The combined results for Canada’s barley crop’25 at 9.7 mln tonnes, and crop’26 forecast at 9.0 mln tonnes, leave a very ample supply for
...More info on site
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France: Heavy rains lead to worsening of winter grains condition, halt spring barley sowings
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The condition of winter grains in top European Union producer France deteriorated and spring barley sowings came to a halt in the week to February 16 after heavy rains hit the western part of the country, farm office FranceAgriMer said on February 20.
The second ratings of French cereals after a winter pause were still far better than those recorded in the two previous years, when wet weather had also hurt sowings.
FranceAgriMer said 88percent of soft wheat crops were in good or excellent condition by February 16, down from 91percent the previous week and up from 74percent a year earlier.
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Whisky News
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UK: Suntory to combine teams at Islay whisky distilleries Bowmore and Laphroaig
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Suntory Global Spirits will combine its operational teams at Islay whisky distilleries Bowmore and Laphroaig to a single team as part of long-term production planning, Drinks International reported on February 24.
The move is to ensure production is done in the most sustainable and efficient way in line with long‑term demand, as the company moves to a single operations team across the two distilleries.
The change reflects updated production needs and follows traditional seasonal operating models used across the Scotch industry, Suntory Global Spirits said.
The company has opened a voluntary redundancy programme for operational employees who feel that the new structure does not suit their individual needs, however there are no compulsory redundancies.
The adjustments are said to balance distillation with maturing inventory and protect the long‑term health of the brands.
Alistair Longwell, head of distilling and environment at Suntory Global Spirits, said: “Bowmore and Laphroaig are iconic Scotch whisky brands with exceptional heritage and craft, and they are long-term priorities for Suntory Global Spirits. As part of our commitment to producing whisky of the highest quality in a sustainable and efficient way, we are making operational adjustments on Islay to align production with long‑term demand. Distillation continues at both
...More info on site
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