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E-Malt.com Flash 47b
November 21 - November 24, 2024
Quote of the Week
Before anything else, preparation is the key to success.
Alexander Graham Bell
Currency Rates
Base Currency: Euro
on November 22, 2024 |
Base Currency: US Dollar
on November 22, 2024 |
| |
1 EUR = 1.0517 USD
1 EUR = 0.8328 GBP
1 EUR = 1.4687 CAD
1 EUR = 1.6142 AUD
1 EUR = 162.6180 JPY
1 EUR = 6.0949 BRL
1 EUR = 106.1200 RUB
1 EUR = 7.6124 CNY
|
|
1 USD = 0.9507 EUR
1 USD = 0.7918 GBP
1 USD = 1.3965 CAD
1 USD = 1.5347 AUD
1 USD = 154.6150 JPY
1 USD = 5.7954 BRL
1 USD = 100.9040 RUB
1 USD = 7.2383 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 22, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
243.00-245.00 |  |
| 6RW Malting Barley (FOB Creil) |
228.00-230.00 | |
Feed Barley (FOB Creil) |
194.00-196.00 | |
| 2RS Malt (FOB Antwerp) |
588.50-590.50 | |
| 6RW Malt (FOB Antwerp) |
570.00-572.00 | |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
252.00-254.00 | |
| 6RW Malting Barley (FOB Creil) |
242.00-244.00 | |
Feed Barley (FOB Creil) |
195.00-197.00 | |
| 2RS Malt (FOB Antwerp) |
599.00-601.00 | |
| 6RW Malt (FOB Antwerp) |
586.50-588.50 | |
German Malting Barley
Crop 2023
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
224.00-226.00 |  0.60% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
USA: Eight month beer volumes fall reflected consistently across the country
...Click here
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Singapore: ThaiBev reports 1% drop in full-year profit due to higher marketing costs
...Click here
|
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Switzerland: Beer sales, per capita consumption fall again in Switzerland last year
...Click here
|
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Vietnam: Government presents proposal to increase taxes on beer, alcohol, tobacco from 2026 to 2030
...Click here
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World: Global barley production forecast slightly up at 141.4 mln tonnes
...Click here
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EU: Barley crop forecast reduced due to slight decline in Spanish production
...Click here
|
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Canada: 2024-25 barley production projected at 7.6 mln tonnes, down 15% yoy
...Click here
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Spain & UK: Suntory to move bottling of Irish whiskey brands to Scotland and Spain
...Click here
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Cambodia: Prime Minister halts issuance of licenses for domestic beer production, only allows export
...Click here
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South Korea: Hite Jinro’s Terra beer enjoys growing demand in Korea
...Click here
|
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USA & Venezuela: Venezuela’s Empresas Polar launches Polar Premium Beer in the US
...Click here
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Graph of the week
Table of the week
Africa Beer Production 2018 - 2023s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
21 November
1877 - Tom Edison announces his "talking machine" invention (phonograph)
1930 - 1st commercial crossing of Pacific by plane (China Clipper)
1977 - 1st flight of Concorde, London to New York
22 November
1906 - International Radio Telecommunications Com adopts "SOS" as new call for help
1927 - 1st snowmobile patent granted to Carl Eliason (Sayner Wisc)
1954 - Humane Society forms
2005 - Angela Merkel becomes the first female Chancellor of Germany
23 November
1863 - Patent granted for a process of making color photographs
1936 - 1st issue of Life, picture magazine created by Henry R Luce
1992 - 10,000,000 cellular telephone sold
24 November
1914 - Louis de Raet, Belgian economist/Flemish People Party, dies
1951 - British auto manufacturers Austin/Moris Motors merge
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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Brewery News
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USA: Eight month beer volumes fall reflected consistently across the country
|
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In the US, beer’s volumes fall of 3.6% in the first eight months of this year is reflected in a fairly consistent picture across
...More info on site
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Singapore: ThaiBev reports 1% drop in full-year profit due to higher marketing costs
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Singapore-listed Thai Beverage reported a full-year profit on November 21 that fell 1%, hurt by an increase in marketing costs at the company's spirits
...More info on site
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Switzerland: Beer sales, per capita consumption fall again in Switzerland last year
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The past brewing year in Switzerland fell through, partly due to the bad weather. Beer sales fell again. For the first time, per capita
...More info on site
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Vietnam: Government presents proposal to increase taxes on beer, alcohol, tobacco from 2026 to 2030
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The Vietnamese government has presented a proposal to the National Assembly to amend the Special Consumption Tax Law, targeting higher taxes on alcohol, beer,
...More info on site
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Belgium: Haacht brewery announces job cuts
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Brewery Haacht’s announcement of job cuts has not come as a surprise to unions ACV and ABVV, The Brussels Times reported on November 21.
The Flemish company from Boortmeerbeek revealed on November 19 that it will cut twenty jobs, including eleven office positions and nine labour roles. Among the labour positions, one job is from a worker who is retiring and will not be replaced.
Six of the twenty job cuts will affect the transport department, specifically drivers of tractors and trailers. The remaining positions are spread across nearly all departments. However, new jobs will also be created, resulting in a net loss of around 14 to 15 positions.
Union representatives, Femke Buys from ACV and Pieter Van Der Elst from ABVV, were not shocked by the announcement. "We knew this would happen," said Van Der Elst. "The brewery has been struggling financially for years."
There is uncertainty about whether this round of layoffs will be sufficient to restore profitability. "We hope these will be the last job cuts," Buys added. "But the beer market is under pressure, and the outlook remains bleak. However, the management has assured us that shareholders still have confidence in the company, which is somewhat reassuring."
Due to the restructuring
...More info on site
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Cambodia: Prime Minister halts issuance of licenses for domestic beer production, only allows export
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Cambodia’s Prime Minister Hun Manet announced a decision to stop issuing licenses for beer production intended for domestic distribution and permit licensing only for breweries aimed at export, Khmer Times reported.
The premier spoke on Thursday, November 21 at the closing of the Ministry of Mines and Energy’s annual meeting at Sofitel Phnom Penh Phokeethra.
Premier Hun Manet underscored, “Licenses for local beer production have now been suspended.”
“At present, there are seven breweries operating for domestic distribution. If a business intends to export, I will grant approval, but no additional licenses will be issued for local production. I want to clarify this in case anyone is interested in obtaining such licenses.”
The Prime Minister underlined that the Royal Government of Cambodia is committed to guiding and advising the private sector in alignment with market demands, ensuring that new investments respond to actual needs.
In addition to the decision regarding breweries for domestic consumption, the premier added that for other investment projects with limited market demand, the Royal Government will refrain from granting licenses. Instead, it will prioritise strengthening and expanding the capacity of existing businesses to meet current market needs effectively.
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South Korea: Hite Jinro’s Terra beer enjoys growing demand in Korea
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South Korea’s Hite Jinro announced on November 21st that the cumulative sales of its beer brand Terra exceeded 5.08 billion bottles as of the 20th. This means that 28 bottles (330mL) were sold per second, and a total of 1.67 billion litres were sold, mk.co.kr reported.
Terra exceeded 1 million box sales 39 days after its launch in March 2019 and continued to grow explosively, setting a record for sales at the fastest pace among beer brands.
Since then, despite the crisis of the COVID-19 pandemic, it has continued its trend with an annual average growth rate of 26% over the past five years, and has now become a representative beer brand in Korea.
The performance of Terra Light, which was released in July, is also driving sales growth. Since the launch of Terra Light, the home market sales of Terra brands in July-August, the peak beer season, have increased 13% year-on-year.
According to market researcher Nielsen Korea, Terra Light became the No. 1 seller of light beer in large discount stores nationwide within a month of its launch, leading the sales gap with the second-largest brand by more than 1.5 times by October.
Oh Sung-taek, managing director of Hite Jinro Marketing Office, said, "Terra
...More info on site
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USA & Venezuela: Venezuela’s Empresas Polar launches Polar Premium Beer in the US
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Venezuelan food and beverage company Empresas Polar is looking to make a bigger splash in the United States with a flagship beer that’s being brewed in U.S. The new Polar Premium Beer is being brewed at the Empresas Polar plant in Auburndale, Florida, Craft Brewing Business reported on November 21.
Empresas Polar boast more than 83 years of experience and actually have more than 35 years in the U.S. through its Polar Pilsen brand. For Polar Premium, the company says they are sourcing North American ingredients, including Canadian malted barley and hops from Yakima Valley in Washington.
“We were born in Venezuela as a brewery in 1941, and brewing runs through our veins. It is a source of pride to add Polar Premium Beer to our global portfolio—a beer that has everything to win over American consumers, who, while familiar with a wide variety of beer styles, are always seeking quality and new experiences, like the robust and elegant flavor our beer delivers,” said María Alexandra Mendoza, marketing director for Empresas Polar’s International Business Division.
Polar Premium Beer will be available in North Carolina, New York, Washington, D.C., Texas, and Florida initially. In South Florida, it can be found at supermarkets like Sedanos,
...More info on site
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Barley News
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World: Global barley production forecast slightly up at 141.4 mln tonnes
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The global barley supply and demand balance is mostly steady, as production is up slightly 0.1 mln tonnes to 141.4 mln tonnes but at
...More info on site
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EU: Barley crop forecast reduced due to slight decline in Spanish production
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Winter crops were finally planted after some wetness caused delays, but a clearing period the last 30 days allowed seeding to wrap up. Warmer
...More info on site
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Canada: 2024-25 barley production projected at 7.6 mln tonnes, down 15% yoy
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For 2024-25, Canadian barley production is projected by Statistics Canada (STC) at 7.6 million tonnes (Mt), down 15% year-over-year (y/y), primarily due to a
...More info on site
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Whisky News
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Spain & UK: Suntory to move bottling of Irish whiskey brands to Scotland and Spain
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Japanese drinks giant Suntory has decided to move the bottling of three Irish whiskey brands made at its Cooley Distillery offshore, The Drinks Business reported on November 22.
The distillery produces Suntory’s Kilbeggan, Tyrconnell and Connemara Irish whiskey brands, all of which will now be bottled in Scotland and Spain.
According to the Irish Independent, the company informed distillery staff of the change last month, but is yet to finalise plans.
“On October 9, 2024, we announced that the group would plan to relocate bottling activity for Irish brands from Cooley Distillery to other group sites in Spain and Scotland, and a communication was made to employees of a proposal,” newly-filed accounts for the Cooley Distillery confirmed.
“However, at the time of the financial statements’ sign off, the total financial impact cannot be quantified until the consultation process is completed,” the company added.
Last year the distillery saw turnover decline 4.5% to €19.1m. Pre-tax profits dropped 23% to €1.1m over the same 12-month period.
Suntory suspended all shipments of alcohol to Russia in March 2022, a move which hit sales of its Kilbeggan brand, of which Russia was formerly a key market.
Its three Irish whiskey brands will now be bottled in either Scotland, where Suntory owns
...More info on site
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