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E-Malt.com Flash 48a
November 25 - November 27, 2024
Quote of the Week
Of beer, an enthusiast has said that it could never be bad, but that some brands might be better than others.
A.A. Milne
Currency Rates
Base Currency: Euro
on November 27, 2024 |
Base Currency: US Dollar
on November 27, 2024 |
| |
1 EUR = 1.0483 USD
1 EUR = 0.8349 GBP
1 EUR = 1.4774 CAD
1 EUR = 1.6189 AUD
1 EUR = 161.0280 JPY
1 EUR = 6.0838 BRL
1 EUR = 110.2390 RUB
1 EUR = 7.5834 CNY
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|
1 USD = 0.9538 EUR
1 USD = 0.7963 GBP
1 USD = 1.4093 CAD
1 USD = 1.5441 AUD
1 USD = 153.5990 JPY
1 USD = 5.8035 BRL
1 USD = 105.1600 RUB
1 USD = 7.2340 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 27, 2024 |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
243.00-245.00 |  |
| 6RW Malting Barley (FOB Creil) |
227.00-229.00 |  0.44% |
Feed Barley (FOB Creil) |
189.00-191.00 | 2.56% |
| 2RS Malt (FOB Antwerp) |
588.50-590.50 | |
| 6RW Malt (FOB Antwerp) |
568.50-570.50 | 0.22% |
French Barley/Malt
Crop 2025
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
252.00-254.00 | |
| 6RW Malting Barley (FOB Creil) |
241.00-243.00 | 0.41% |
Feed Barley (FOB Creil) |
190.00-192.00 | 2.55% |
| 2RS Malt (FOB Antwerp) |
599.00-601.00 | |
| 6RW Malt (FOB Antwerp) |
585.50-587.50 | 0.21% |
German Malting Barley
Crop 2023
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.
Australia: Barley harvest continues to advance with mixed quality results
...Click here
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Canada & USA: Barley crop forecasts unchanged for both Canada and the USA
...Click here
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Germany: German hop growers facing lower prices and possible farm closures
...Click here
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UK: British hops, beer under threat because of Government’s ‘tractor tax’
...Click here
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USA: Constellation Brands stock drops on Trump tariff plan
...Click here
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Vietnam: Sabeco’s new R&D brewery to foster employee creativity
...Click here
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Belgium: “Primitive” beers draw crowds to Brussels brewery
...Click here
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Canada: Mix of new and old malting barley genetics on 2025-26 recommended list
...Click here
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USA: AB InBev unveiled as second sponsor for FIFA Club World Cup
...Click here
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UK: Carlsberg Marston’s Brewing Company to cut eight of its cask and three of its keg beer brands by the end of 2024
...Click here
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Graph of the week
Table of the week
World Barley Supply & Demand
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
25 November
1867 - Alfred Nobel patents dynamite
1884 - John B Meyenberg of St. Louis patents evaporated milk
26 November
1885 - 1st meteor photograph
1925 - Netherlands and Germany sign trade agreement
1987 - Matsushita purchases the movie and entertainment company MCA Inc. for $6.6 billion
27 November
1895 - Alfred Nobel establishes Nobel Prize
1962 - 1st test flight of the Boeing 727 takes place
Agenda
November 2024:
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 - 18: Cerveza Mexico Expo 2025 (Expo Guadalajara, Jalisco, Mexico)
16 - 17: Copenhagen Beer Festival 2025 (Copenhagen, Denmark)
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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World: Asahi Group sees steady growth in Q3 2024
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Asahi Group Holdings (Asahi) has seen steady growth in the third quarter of 2024 buoyed by a rise in local Japanese demand for beer
...More info on site
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USA: Constellation Brands stock drops on Trump tariff plan
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Constellation Brands saw its shares fall on Monday, November 25 following President-elect Donald Trump’s announcement of imposing significant tariffs on the United States' main trading partners, which could have substantial implications for the company. Trump, set to take office on January 20, has declared a 25% tariff on imports from Canada and Mexico to combat illegal drugs and immigration issues. Furthermore, Trump plans to implement an additional 10% tariff on goods from China, escalating his previous tariff threats, Investing.com reported.
The measures were detailed in Trump's posts on Truth Social and include some of his most concrete statements regarding economic policies since his election victory.
Constellation Brands, known for its imports from Mexico, is particularly vulnerable to these tariffs. Constellation's sales and segment EBIT are heavily reliant on Mexican imports, with year-to-date figures showing 86% of sales and 94% of segment EBIT originating from Mexico. Analysts have suggested that despite potential measures to mitigate the impact, such as cost savings or inventory adjustments, the tariffs could still pose a significant challenge for Constellation.
According to Roth's equity analyst, there are a few possible outcomes for Constellation Brands: the tariffs might not be implemented and could instead be a starting point for negotiations, the
...More info on site
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Vietnam: Sabeco’s new R&D brewery to foster employee creativity
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Saigon Beer-Alcohol-Beverage Corporation (Sabeco) last week inaugurated a cutting-edge SABECO Beer Research and Development Centre to help brewers and young engineers attain the best environment for the process of creating quality products, Vietnam Investment Review reported on November 25.
The centre, a fully automated miniature brewery with full production capabilities, is situated at Nguyen Chi Thanh Brewery in Ho Chi Minh City, the birthplace of the Bia Saigon brand in 1875. The facility enables brewing professionals to study and test new recipes and methods before implementing them in 26 breweries across the country.
To promote innovation, reduce dependence on foreign technology, and improve competitiveness, the staff of Saigon Beer-Alcohol-Beverage Corporation (SABECO) has for many years cherished the thought of establishing a research centre to unleash their creativity.
Up to now, if they wanted to test new products, brewers must carry out testing at one of the existing factories, causing various difficulties and costs in the process, while also limiting many young engineers who lack confidence to carry out such testing.
Therefore, with the experience of operating many breweries with the largest production scale in Vietnam, SABECO’s technical and beer production team has mastered technology from design and construction to supervision and operation to introduce
...More info on site
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Belgium: “Primitive” beers draw crowds to Brussels brewery
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Winding between copper vats and oak barrels, a cluster of early-morning visitors filed through a cavernous Brussels building for an up-close peek at craft beers brewed using a centuries-old method - before sampling the result, Enca.com reported on November 22.
Since it was founded in 1900 in Anderlecht, a working-class district of the Belgian capital, Brasserie Cantillon has been turning out so-called primitive "lambic" beers that are steeped in local tradition.
What makes lambics special is they start with a process known as spontaneous fermentation - through exposure to wild yeasts, specifically those native to Belgium's Zenne valley - as opposed to cultivated brewer's yeast.
Aged in wood barrels for months to years, which allows for a secondary fermentation to occur as the beer's sugars convert to carbon dioxide, the result is a distinctive dry beer with a faintly tart aftertaste.
Cantillon's speciality is an even more niche type of beer known as "gueuze" - a blend of lambics from different years and whose fruity varieties include kriek, or cherry in Flemish - that has around 20 brewers in Belgium.
Morello cherry, haskap, elderberry flower: the brewery uses a whole palette of fruity aromas for its gueuze beers, adding them at the secondary fermentation stage.
"Lambic
...More info on site
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USA: AB InBev unveiled as second sponsor for FIFA Club World Cup
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Global drinks heavyweight Anheuser-Busch InBev (AB InBev) announced on November 25 it has expanded its commercial tie-up with global soccer’s governing body FIFA to cover the revamped 2025 Club World Cup (CWC) competition.
AB InBev – most commonly known as a beer brewing giant – becomes the second commercial partner to sign up for the next edition of the expanded club tournament, which will contain 32 teams (up from seven previously) and will be held across the US in mid-2025.
The brewing firm now becomes the official beer partner of the CWC, through its various brands, having been a sponsor of the national teams’ FIFA World Cup since 1986. Indeed, its World Cup sponsorship deal was last extended in June 2023 (despite significant issues at the Qatar 2022 tournament), in a deal valued by GlobalData Sport as being worth $80 million through 2026.
This deal will involve various assets designed to enhance the fan experience during the tournament, such as AB InBev presenting the 'Player of the Match' award after each game.
In terms of specific AB InBev brands involved, Michelob Ultra and Budweiser will lead the partnership, alongside “local brands in select markets.”
Up until a Hisense tie-up (also an expansion of an existing
...More info on site
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UK: Carlsberg Marston’s Brewing Company to cut eight of its cask and three of its keg beer brands by the end of 2024
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Carlsberg Marston’s Brewing Company (CMBC) has revealed that it will be cutting eight of its cask and three of its keg beer brands by the end of this year, with the Campaign for Real Ale (CAMRA) dubbing the move “a tragedy”, The Drinks Business reported on November 25.
Citing falling demand, CMBC has announced that it will axe a total of 11 brands by the end of the year.
In cask: Eagle IPA, Banks’s Sunbeam, Banks’s Mild, Ringwood Old Thumper, Ringwood Boondoggle, Marston’s 61 Deep, Marston’s Old Empire, and Jennings Cumberland Ale.
And in keg: Mansfield Dark Smooth, Mansfield Original Bitter, and Bombardier.
The move comes shortly after CMBC confirmed that it would closing Banks’s Brewery “as part of a restructuring of its brewery network” next year, which would also happen to mark the Wolverhampton brewery’s 150th anniversary. Ringwood in Hampshire was closed in January after 45 years in business, with some critics accusing CMBC of “corporate vandalism”.
In the summer, Marston’s sold its 40% stake in CMBC, which included its production of heritage ales, to a Carlsberg subsidiary for a sum of £206m. CMBC has also been a keen proponent of the idea of a ‘fresh ale’ category, which is effectively beer from a
...More info on site
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Barley News
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Australia: Barley harvest continues to advance with mixed quality results
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Harvest continues to advance across the main barley regions in Australia, and results are reportedly mixed. While yields remain as expected, there is variability
...More info on site
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Canada & USA: Barley crop forecasts unchanged for both Canada and the USA
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RMI Analytics’ barley crop estimate for Canada is steady at 7.8 mln tonnes, and the US remains at 3.20 mln tonnes.
Imported barley interest
...More info on site
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Canada: Mix of new and old malting barley genetics on 2025-26 recommended list
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Next year’s recommended malting barley varieties include old maltster favourites and a few newer names, Manitoba Cooperator reported on November 24.
The Canadian Malting Barley Technical Centre revealed its 2025-26 Recommended Barley Varieties List Nov. 21. Five varieties made the cut: AAC Connect, CDC Fraser, CDC Churchill, AAC Synergy and CDC Copeland.
Variety development for malting barley has been slow. Maltsters want to stick with their favourites, while farmers eye the better yields and disease packages of new, less accepted genetics.
The centre’s annual recommendations are based on the strength of a variety’s agronomic traits, malting characteristics and market demand. The guide is designed to help stakeholders meet the domestic and export needs of end users.
“These varieties reflect the strength and stability of Canada’s malting barley production, while also supporting the development of new and innovative options,” wrote Peter Watts, managing director of the centre, in a news release.
Players across the value chain, including growers, processors, exporters and seed companies, were consulted in the centre’s decision process.
AAC Synergy, CDC Copeland and AAC Connect represent trusted standbys both domestically and for export, the centre noted. Newer varieties like CDC Fraser and CDC Churchill are steadily gaining traction with domestic producers and showing potential in
...More info on site
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Hops News
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Germany: German hop growers facing lower prices and possible farm closures
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Declining beer consumption worldwide is hurting German hops growers, who face lower prices and possible farm closures amid a dip in demand for the
...More info on site
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UK: British hops, beer under threat because of Government’s ‘tractor tax’
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British beer is under threat because of the Government’s “tractor tax”, hop farmers have warned.
The British Hop Association (BHA) said Labour’s inheritance tax raid could sound “the death knell” for hop producers, forcing breweries to import the crop from abroad instead, Yahoo Finance reported on November 26.
Hops, which give beers and ales their bitter flavour, are the flower of the common hop plant and have been used by British brewers since the medieval period.
However, there are now just 44 hop-growing farms left in the country and industry representatives have warned that the Government’s 20 per cent inheritance tax on farming assets worth more than £1 million could force many of them out of business.
Mark Andrews, of the BHA, told The Telegraph that the tax raid would “definitely hurt production”.
“Things are a struggle enough as it is,” said the 10th-generation hop and cider apple farmer from Ledbury, Herefordshire.
“A very large tax bill, even though it can be spread over 10 years… I can see hop production diminishing.
“It could be the death knell for British hop growing. Brewers would have to import much more foreign hops.”
The BHA estimates that Britain’s total acreage under hop cultivation has declined by 40 per cent since
...More info on site
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