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E-Malt.com Flash 09b
February 26 - March 01, 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 27, 2026 |
Base Currency: US Dollar
on February 27, 2026 |
| |
1 EUR = 1.1804 USD
1 EUR = 0.8727 GBP
1 EUR = 1.6145 CAD
1 EUR = 1.1804 AUD
1 EUR = 184.2140 JPY
1 EUR = 6.0583 BRL
1 EUR = 90.8782 RUB
1 EUR = 8.0792 CNY
|
|
1 USD = 0.8471 EUR
1 USD = 0.7393 GBP
1 USD = 1.3678 CAD
1 USD = 1.4058 AUD
1 USD = 156.0550 JPY
1 USD = 5.1325 BRL
1 USD = 76.9902 RUB
1 USD = 6.8445 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| February 27, 2026 |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
192.00-194.00 |  |
| 6RW Malting Barley (FOB Creil) |
189.00-191.00 |  0.52% |
Feed Barley (FOB Creil) |
187.00-189.00 | 0.53% |
| 2RS Malt (FOB Antwerp) |
527.50-529.50 | |
| 6RW Malt (FOB Antwerp) |
523.50-525.50 | 0.23% |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
219.00-221.00 |  0.46% |
| 6RW Malting Barley (FOB Creil) |
204.00-206.00 | |
Feed Barley (FOB Creil) |
189.00-191.00 | 1.60% |
| 2RS Malt (FOB Antwerp) |
558.50-560.50 | 0.22% |
| 6RW Malt (FOB Antwerp) |
540.00-542.00 | |
German Malting Barley
Crop 2025
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
162.50-164.50 | 1.64% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
Nigeria: Nigerian Breweries Plc posts an amazing 194% increase in operating profit
...Click here
|
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Hong Kong: San Miguel Brewery Hong Kong reports solid turnaround for 2025
...Click here
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Australia: Analysts forecast tightening of Australia’s barley balance sheet after record crop 2025
...Click here
|
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Canada: Analysts project steady upward trajectory for both malting and feed barley prices
...Click here
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Canada: 2025-26 barley production 19% higher than in previous season
...Click here
|
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Argentina: Wet conditions lead to 2025 crop at 5.5 mln tonnes, varied quality results
...Click here
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South Africa: Alcohol industry welcomes inflation-linked sin tax increases
...Click here
|
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Italy: Heineken invests in new rainwater reuse project at is Massafra brewery
...Click here
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Ireland: Winter barley, wheat area increase in 2026
...Click here
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Canada: Diageo closes Ontario plant two days ahead of schedule
...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
26 February
1848 - 2nd French Republic proclaimed
1907 - Royal Oil and Shell merge to form British Petroleum (BP)
1993 - World Trade Center bombing
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy
27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer
28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade
01 March
1867 - Howard University chartered, Washington D.C
1927 - Bank of Italy becomes a National Bank
1947 - International Monetary Fund begins operation
Agenda
February 2026:
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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Nigeria: Nigerian Breweries Plc posts an amazing 194% increase in operating profit
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In its recently released 2025 financial results, Nigerian Breweries Plc (the country’s pioneer and largest brewer) demonstrated a powerful operational recovery, posting an amazing
...More info on site
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Hong Kong: San Miguel Brewery Hong Kong reports solid turnaround for 2025
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San Miguel Brewery Hong Kong Limited reported a solid turnaround for the year ended 31 December 2025, with revenue rising to HK$737.3 million from HK$711.2 million and gross profit improving to HK$295.6 million, TipRanks said on February 25.
The group swung from a loss to a net profit of HK$78.4 million, driven by higher sales, better cost of sales, and the absence of the HK$90 million impairment on non-current assets booked in 2024.
Operating profit reached HK$96.9 million compared with a loss of HK$21.3 million a year earlier, while selling, distribution, and administrative expenses were kept broadly stable.
Earnings attributable to equity shareholders climbed to HK$76.1 million, translating into basic earnings per share of 20 Hong Kong cents versus a loss per share of 5 cents in 2024, signaling a significant recovery for shareholders and an improved financial footing for the brewery.
San Miguel Brewery Hong Kong Limited is a Hong Kong-incorporated brewer listed on the local stock exchange. The company, together with its subsidiaries, operates in the beer and beverage industry, generating revenue primarily from the production and sale of beer and related products across its regional markets.
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South Africa: Alcohol industry welcomes inflation-linked sin tax increases
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Alcohol producers have expressed strong support for the government's decision to restrict sin tax increases to inflation rates, emphasising that such predictable adjustments are essential for maintaining industry stability and combating illicit trade, IOL.co.za reported on February 25.
Finance Minister Enoch Godongwana announced that these increases in "sin taxes" are necessary, despite a more optimistic revenue forecast for the country.
As a result, the tax on tobacco products will rise in line with inflation in 2026/27, including taxes on electronic nicotine and non-nicotine delivery systems, Godongwana announced.
• The tax on a pack of 20 cigarettes increases from R22.81 to R23.58.
• Pipe tobacco rises by 28 cents per 25 grams.
• Cigarette tobacco increases by 87 cents per 50 grams.
• Cigars increase by R4.56 per 23 grams.
Excise duties on alcoholic beverages will also increase at inflationary levels.
• A 340ml can of beer or cider increases by 8 cents.
• A 750ml bottle of wine rises by 15 cents.
• A 750ml bottle of spirits increases by R3.20.
• Inflation is currently running at 3.5%.
Heineken Beverages said the minister’s approach reflected consideration of economic pressures and the rapid growth of illegal alcohol sales.
Millicent Maroga, corporate affairs director at Heineken Beverages, said inflation-linked increases promote fairness, stability, and long-term sustainability across alcohol categories.
Maroga said keeping excise
...More info on site
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Italy: Heineken invests in new rainwater reuse project at is Massafra brewery
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Heineken Italy said it had invested €700,000 to save 13,000 cubic meters of water annually at its Massafra brewery, equivalent to about five Olympic-sized swimming pools, EFA News reported on February 26.
The new rainwater reuse project was launched by Heineken Italia in collaboration with the Apulian company Technoacque, based in Fasano (Brindisi).
The Taranto brewery, a beer production hub for Puglia and the entire South, thus confirms its leadership in water management: by the end of 2025, it had already exceeded the target of 2.9 hectoliters of water per hectoliter of beer produced set by Heineken Global for 2030, reaching 2.80 hl/hl.
In an area that frequently faces water crises and low rainfall, the Massafra site is called upon to meet more ambitious goals and has set a new target: reducing consumption to below 2.6 hl of water per hl of beer produced by 2030.
The new system, designed by Technoacque, includes a system for refining and reusing the brewery's first-run rainwater. The recovered water will be used entirely in the brewery's technical processes, such as cooling machinery and lubrication systems, without any contact with the product. The project is part of the global responsible resource management strategy "Brew a Better World,"
...More info on site
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India: AB InBev launches Corona Cero in India
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AB InBev India has announced the launch of Corona Cero, a zero-alcohol version of its flagship Corona beer, in India. The product will be priced at Rs 120 and distributed across modern trade outlets, e-commerce platforms and select on-premises locations nationwide, Best Media Info reported on February 26.
The introduction of Corona Cero comes as India’s non-alcohol beer segment records steady growth. According to the company, the category grew by nearly 25% over the past year, while AB InBev India reported high double-digit growth, exceeding the broader market rate.
Commenting on the launch, Vineet Sharma, Vice President, Marketing & Trade Marketing, AB InBev India, said, “We’re excited to introduce Corona Cero to India at a time when consumers are embracing more mindful choices without compromising on taste or experience.
Corona Cero delivers everything people love about Corona, the refreshment, the flavour, and that unmistakable feeling of relaxing and unwinding, now with zero alcohol. This launch strengthens our non-alcohol beer portfolio and advances our commitment to smart drinking in India.”
The company stated that the launch forms part of its wider strategy to expand its non-alcohol offerings in India, where the segment remains relatively small but is developing quickly. It also links the introduction to
...More info on site
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Barley News
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Australia: Analysts forecast tightening of Australia’s barley balance sheet after record crop 2025
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A decline of over 2.1 mln tonnes in Australia’s barley crop 2026 - to 13.8 mln tonnes - will tighten the balance sheet after
...More info on site
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Canada: Analysts project steady upward trajectory for both malting and feed barley prices
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Feed barley is leading the Canadian market price direction slightly upward while malting barley remains very flat. Prices appear to be settling into a
...More info on site
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Canada: 2025-26 barley production 19% higher than in previous season
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For 2025-26, Canadian barley production is estimated by Statistics Canada (STC) at 9.7 million tonnes (Mt), 19% higher than the production in the previous
...More info on site
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Argentina: Wet conditions lead to 2025 crop at 5.5 mln tonnes, varied quality results
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The persistent wet conditions in crop’25, resulting in production of 5.5 mln tonnes in Argentina, have also led to varied quality results on a
...More info on site
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Ireland: Winter barley, wheat area increase in 2026
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Winter barley and wheat area is estimated up, while the area of winter oats is estimated to have dropped dramatically in Ireland, The Farmers Journal reported on February 25.
The area of land planted to winter barley and winter wheat is estimated to have increased in 2026. At a workshop held by the Irish Seed Trade Association (ISTA) this week it was noted that seed sales for both crops had increased. Winter barley area is estimated up by approximately 8,000ha, which would bring the total area to about 65,500ha. Winter wheat area increased by an estimated 3,000ha. This would bring the area to almost 63,000ha.
Winter oats area has taken a dramatic drop, although it is not known by how much as some seed will be used for spring crops, but appetite for the crop dropped as Irish feed oats currently sit in storage across the country with no market.
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Whisky News
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Canada: Diageo closes Ontario plant two days ahead of schedule
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Diageo has closed its Crown Royal whisky plant in Amherstburg, Ontario two days ahead of schedule, without advance warning to workers, Unifor reported on February 25.
“This is a final show of disrespect for Canadian workers as Diageo moves their jobs south of the border to appease Donald Trump,” said Unifor National President Lana Payne. “This is a sad day for our members and for this community, which has a century long storied history of whisky making.”
Six months ago, Diageo announced plans to close the Amherstburg plant and eliminate the jobs of more than 200 Unifor Local 200 members. Despite the efforts of the union and offers from the Ontario government, the company refused to reverse its decision to shift production to the U.S., with the final day of work scheduled for February 27, 2026.
“It’s clear Diageo didn’t want to face the scrutiny that would have come on the final day of operations, so its overseas executives opted to slink out of Ontario instead,” said Unifor Local 200 President John D’Agnolo. “Canadians will not forget that Diageo is a company that chose to walk away from a loyal workforce and add insult to injury by bottling a marquee Canadian whisky
...More info on site
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