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E-Malt.com Flash 21a
May 18 - May 20, 2026
Quote of the Week
Fermentation may have been a greater discovery than fire.
David Rains Wallace
Currency Rates
Base Currency: Euro
on May 20, 2026 |
Base Currency: US Dollar
on May 20, 2026 |
| |
1 EUR = 1.1621 USD
1 EUR = 0.8669 GBP
1 EUR = 1.5980 CAD
1 EUR = 1.6321 AUD
1 EUR = 184.8040 JPY
1 EUR = 5.8337 BRL
1 EUR = 83.2484 RUB
1 EUR = 7.9072 CNY
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1 USD = 0.8604 EUR
1 USD = 0.7460 GBP
1 USD = 1.3751 CAD
1 USD = 1.4044 AUD
1 USD = 159.0250 JPY
1 USD = 5.0202 BRL
1 USD = 71.6394 RUB
1 USD = 6.8045 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| May 20, 2026 |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
202.00-204.00 |  |
| 6RW Malting Barley (FOB Creil) |
193.00-195.00 | |
Feed Barley (FOB Creil) |
196.00-198.00 | |
| 2RS Malt (FOB Antwerp) |
541.50-543.50 | |
| 6RW Malt (FOB Antwerp) |
530.50-532.50 | |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
229.00-231.00 | |
| 6RW Malting Barley (FOB Creil) |
212.00-214.00 | |
Feed Barley (FOB Creil) |
192.00-194.00 | |
| 2RS Malt (FOB Antwerp) |
570.50-572.50 | |
| 6RW Malt (FOB Antwerp) |
549.50-551.50 | |
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.
Germany: Beer sales return to growth for the first time since July 2024
...Click here
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Malaysia: Heineken Malaysia reports lower first-quarter earnings
...Click here
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South Korea: Hitejinro sees operating profit drop 10.8% in Q4 2025
...Click here
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UK & Spain: Greene King sells Old Speckled Hen beer range to Spain’s SA Damm
...Click here
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Germany: Warsteiner to shut down brewery in Herford, try to sell Paderborner Brauerei
...Click here
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India: United Breweries announces closure of Ludhiana brewery
...Click here
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Ireland: Opening of new Diageo brewery hugely positive for demand for malting barley
...Click here
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South Korea & Japan: Imports of Japanese alcohol to South Korea on a swift road to recovery
...Click here
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The Czech Republic: Czech beer degrees under threat as EU considers labelling overhaul
...Click here
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Sri Lanka: Petition filed in Appeals Court to halt use of rice and sugar in beer production
...Click here
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Nigeria: Fresh tensions brewing in Nigeria following renewed discussions around proposed tax stamp policy
...Click here
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Graph of the week
Table of the week
Germany Hops Exports 2021-2025
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 May
1801 - Well over a century after stock trading began in Britain, the cornerstone of the stock exchange building is finally laid in the City of London
1804 - Napoleon Bonaparte is proclaimed Emperor of the French by the French Senate
1822 - Frederic Passy is born, French economist/pacifist, Nobel 1901
1954 - European Convention on Human Rights goes into effect
1969 - Apollo program: Apollo 10 is launched
19 May
1892 - Charles Brady King invents pneumatic hammer
1913 - William Reddington Hewlett is born, American Businessman
1939 - 1st regular transatlantic airmail (New York to Marsseille France)
20 May
1806 - John Stuart Mill is born, UK, philosopher/political economist/Utilitarian
1875 - International Bureau of Weights and Measures forms by treaty
1892 - Charles Brady King invents pneumatic hammer
1983 - First publications of the discovery of the HIV virus that causes AIDS in the journal Science by Luc Montagnier
Agenda
May 2026:
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 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
09 - 10: IGC Grains Conference 2026 (2 Savoy Place, London, UK)
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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USA: Beer sales drop more sharply than expected
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U.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category, CNBC reported on May 13.
The
...More info on site
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Germany: Beer sales return to growth for the first time since July 2024
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For the first time since July 2024, beer sales in Germany returned to growth in March 2026. German breweries sold around 6.6 million hectolitres of beer, up 9.4% compared with March 2025, Inside.Beer reported.
Domestic taxable beer sales, excluding alcohol-free beer, rose even more strongly by 10.3%. Exports increased by 5.6% in March and by 5.4% in the first quarter, with shipments to EU countries up 9.1% in March.
The rebound does not yet erase the weak start to the year. Total beer sales from January to March were still down 1.1%, while domestic sales remained 2.5% below the previous year.
Regionally, almost all German states reported growth. Only Hesse, down 38.8%, and Lower Saxony/Bremen, down 10.7%, remained negative. The strongest increases came from Rheinland-Pfalz/Saarland, Mecklenburg-Vorpommern, North Rhine-Westphalia and Thuringia.
The recovery comes after a severe 2025, when German breweries sold only 7.8 billion liters of beer, the lowest volume since records began in 1993. Despite the March rebound, structural pressure remains high due to declining beer consumption, rising energy and raw material costs, weak on-trade demand and changing consumer drinking habits.
Alcohol-free beer remains one of the few growth segments, with Germany established as
Europe’s largest market for alcohol-free beer.
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Malaysia: Heineken Malaysia reports lower first-quarter earnings
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Heineken Malaysia Bhd, which reported lower first-quarter earnings on May 19 amid a softer operating environment, expects to begin exporting products to Asia Pacific
...More info on site
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South Korea: Hitejinro sees operating profit drop 10.8% in Q4 2025
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Hitejinro disclosed on the 15th that, on a consolidation basis, operating profit for the first quarter was 55.9 billion won, down 10.8% from a year earlier. Revenue was 590.8 billion won, decreasing 3.6% over the same period, the Chosun Ilbo reported on May 15.
Hitejinro is strengthening marketing along with recent product improvements. In early this month, it launched All-new Jinro, a full refresh of the package design for the soju brand "Jinro." It is also running a Terra campaign featuring Son Heung-min ahead of the summer peak beer season.
Hitejinro said, "Overall, it was affected by continued weakness in alcoholic beverage market consumption," adding, "Through sound management such as expense efficiency, revenue and operating profit increased from the previous quarter. Ahead of the upcoming peak season, we plan to pursue various sales activities and market revitalization."
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Germany: Warsteiner to shut down brewery in Herford, try to sell Paderborner Brauerei
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Haus Cramer Group, owner of the Warsteiner brand, is taking one of the harshest restructuring steps in its recent history, Inside.Beer reported on May 11.
The group will shut down Herforder Brauerei in the second half of 2026 and is looking for a buyer for Paderborner Brauerei, thereby axing about 30% of its brewing capacity. If no sale is achieved, the Paderborn site will also close at the end of 2026. In total, 98 employees in Herford and 113 in Paderborn are affected.
The decision marks a sharp break with earlier expansion signals. Only in early 2025, Herford had started up a new bottling line after investments of more than EUR 20 million. Now the equipment is to be dismantled and moved to Warstein, where the group says sufficient spare capacity is available. The beer brands Herforder and Paderborner will remain on the market, but production will be concentrated at the group’s main site in Warstein.
The background is the long decline of the German beer market and Warsteiner’s own shrinking volumes. According to inside Getränke, the core Warsteiner brand has been falling for almost 30 years. Herforder, once around 515,000 hl when acquired in 2007, is now said to be down to
...More info on site
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UK & Spain: Greene King sells Old Speckled Hen beer range to Spain’s SA Damm
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Greene King is offloading its Old Speckled Hen range of beers to Spain’s SA Damm as part of a decision to stop selling into the UK off-trade, Yahoo Finance reported on May 19.
The deal, struck for an undisclosed sum, is part of a change in strategy at Greene King, with the UK brewer and pub-group pointing to a “declining cask ale market” in the country.
The company will cease producing its Greene King beers for UK off-trade customers next year when it opens a new brewery in its home town of Bury St Edmunds. Instead, it will focus its efforts with those brands on its own pubs and the wider UK on-premise. Greene King will also stop brewing the brands for export markets.
Damm’s purchase of the Old Speckled Hen range, which includes the namesake ale, means those brands will remain on sale in the country’s off-trade.
The Old Speckled Hen portfolio accounted for more than half of Greene King’s sales in the UK off-trade.
“Brewing beer in Bury St Edmunds to be sold in pubs is what we have been doing for more than 200 years,” Greene King CEO Nick Mackenzie said. “By making this core to our renewed brewing strategy, we are
...More info on site
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India: United Breweries announces closure of Ludhiana brewery
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United Breweries Ltd on May 18 announced the closure of its brewery unit in Ludhiana, Punjab from June 30 in the wake of a long-term capacity lease agreement with a contract brewing unit.
The company has decided to close its brewery unit situated at C/60, Focal Point, Ludhiana, 141010, Punjab effective June 30, United Breweries Ltd (UBL) said in a regulatory filing.
"We have entered into a long-term capacity lease agreement with a contract brewing unit, thereby securing the supplies of the company's beer in Punjab and neighbouring states, including Delhi," it said.
UBL further said this long-term lease will play a pivotal role in meeting the future demand efficiently and sustainably through enhanced operations within the Punjab.
"The closure of the Ludhiana brewery will not impact our business performance in the state," it said, adding that the company is "also committed to taking all necessary and responsible steps to support our employees and workmen through this transition".
The said closure is pursuant to intimation made to the Excise department of Punjab on May 18, UBL said.
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Ireland: Opening of new Diageo brewery hugely positive for demand for malting barley
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Head of Drinks Ireland Cormac Healy said the opening of the brewery and announcement of a second brewery by Diageo was hugely positive for demand for malting barley markets, which he acknowledged are under pressure at the minute, the Farmers Journal reported on May 17.
Speaking to the Irish Farmers Journal at the opening of the new Diageo brewery last week, Healy said it was a huge vote of confidence to have the brewery built in Ireland.
“There are challenges out there in the overall drinks sector globally. Beer is performing extremely well at the moment and, here, opening the new brewery today, but already plans in place for a further expansion, it’s really encouraging for the future.”
Healy said Guinness is driving demand, but Guinness 0.0 is hugely important as consumer trends change.
He noted while non-alcoholic drinks account for just 3% of the market here in Ireland, that figure is double digits in parts of Europe such as Spain and Portugal and zero-alcohol drinks production is growing by about 25% year on year.
He commented: “Clearly, Guinness as a brand and as a product is driving that demand, but hugely important is the development and the growth of Guinness 0.0 and we see
...More info on site
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South Korea & Japan: Imports of Japanese alcohol to South Korea on a swift road to recovery
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In recent years, Japanese alcohol imports to Korea plummeted sharply due to the ‘No Japan’ boycott triggered by deteriorating relations between Korea and Japan, as well as the impact of Covid on the nation’s hospitality sector, The Drinks Business reported on May 18.
But new figures released by the Korea Customs Service on 18 May indicate that Japanese booze is on a swift road to recovery.
According to the export and trade statistics, imports of Japanese alcoholic beverages from January to March this year reached 29,445 tonnes, with a total value of 53.95969 billion won (£26.5 million). Compared to the same period last year, import volume rose by 16.7% and value by 20.9%. This figure is more than double the import value of Chinese alcoholic beverages which hit around £10.5m.
The boom of Japanese alcohol imports can be put down to the weak yen, Korea’s highball boom and growing demand for travel to Japan, with the volume of imports now outstripping the levels seen prior to the 2019 boycott of Japanese goods.
In the first quarter of 2019, the value of Japanese alcoholic beverage imports was 35.13207 billion won (£17.55m). However, it fell to 6.3491 billion won (£3.17m) in 2020 and remained low at
...More info on site
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The Czech Republic: Czech beer degrees under threat as EU considers labelling overhaul
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Walk into any Czech pub and ordering a “desítka” (ten) or a “dvanáctka” (twelve) is as natural as asking for a coffee. But that could change, the Prague Monitor reported on May 16.
The European Union is advancing a proposal to standardize beer labeling across member states — a move that could make the Czech degree system, rooted in 19th-century chemistry, obsolete.
Under the draft regulation, the traditional measurement based on degrees Plato (°P) — which indicates the richness of the original wort before fermentation — would be phased out in favor of a simpler label showing alcohol content.
If the plan moves forward, implementation could begin around 2031.
The Plato scale has deep roots in Czech brewing. It was developed in the mid-1800s by Karel Napoleon Balling, a chemist who went on to serve as rector of the Prague Polytechnic.
For Czech producers, the system is not just a technical standard — it is a cultural inheritance.
“This has been our traditional method of taxation for roughly two hundred years,” said Tomáš Maier, an economist at the Czech University of Life Sciences in Prague. “I see no reason to change it. It is certainly not in the interest of the Czech brewing industry.”
The proposal raises
...More info on site
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Sri Lanka: Petition filed in Appeals Court to halt use of rice and sugar in beer production
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A writ petition has been filed before the Court of Appeal seeking an order directing the Commissioner General of Excise and others not to grant approval for the use of rice and sugar as primary raw materials in beer production, Adaderana reported on May 18.
The petition, filed by a group of licensed liquor retailers, has named the Commissioner General of Excise, officials of the Department of Excise, the Sri Lanka Standards Institution, the Attorney General, the Inspector General of Police and several others as respondents.
The petitioners state that under Section 2 of the Excise Ordinance, “beer” is defined as a fermented alcoholic beverage made from malt.
However, they allege that most current manufacturers use rice and sugar as the main ingredients in beer production, which they claim is contrary to the provisions of the Excise law.
They further argue that rice, which is produced with significant public subsidies from state funds, is being diverted into commercial industries such as beer production, thereby causing adverse effects on the national economy.
They also claim that this practice is creating a situation where Sri Lanka may struggle to achieve self-sufficiency in rice production.
The petitioners additionally point out that the Sri Lanka Standards Institution has not updated
...More info on site
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Nigeria: Fresh tensions brewing in Nigeria following renewed discussions around proposed tax stamp policy
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Fresh tension may be brewing between regulators and major players in Nigeria’s beer industry following renewed discussions around a proposed tax stamp policy that manufacturers fear could reshape operational costs and regulatory expectations within the sector, The Guardian reported on May 16.
The debate came into sharper focus during a high-level meeting at the Nigeria Customs Service headquarters in Abuja, where executives from leading brewing companies met with the Comptroller-General of Customs, Adewale Adeniyi, to discuss concerns surrounding fiscal reforms, trade transparency, and tax administration.
Behind the formal meeting, however, lies a broader conversation about how far government should go in tightening compliance measures within industries that already consider themselves heavily regulated.
Speaking during the engagement, Adeniyi stressed that economic reforms affecting key sectors must be guided by accurate data and practical realities rather than assumptions or speculative estimates. He noted that questions surrounding illicit trade and product movement across borders require deeper scrutiny before major policy decisions are finalised.
The Customs boss also defended the Service’s broader reform agenda, pointing to recent trade facilitation initiatives introduced to reduce bottlenecks and improve efficiency for businesses operating within Nigeria’s supply chain ecosystem.
According to him, the Nigeria Customs Service has continued to evolve beyond traditional
...More info on site
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