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Flash Summary
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E-Malt.com Flash 34b
August 22 - August 25, 2019
Quote of the Week
Beer that is not drunk has missed its vocation.
Meyer Breslau
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Currency Rates
Base Currency: Euro
on August 23, 2019 |
Base Currency: US Dollar
on August 23, 2019 |
| |
1 EUR = 1.1084 USD
1 EUR = 0.9094 GBP
1 EUR = 1.4737 CAD
1 EUR = 1.6385 AUD
1 EUR = 117.9900 JPY
1 EUR = 4.4795 BRL
1 EUR = 72.7763 RUB
1 EUR = 7.8453 CNY
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1 USD = 0.9021 EUR
1 USD = 0.8204 GBP
1 USD = 1.3296 CAD
1 USD = 1.4782 AUD
1 USD = 106.4400 JPY
1 USD = 4.0414 BRL
1 USD = 65.6591 RUB
1 USD = 7.0780 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 23, 2019 |
French Barley/Malt
Crop 2019
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
165.50-167.50 |  |
| 6RW Malting Barley (FOB Creil) |
160.00-162.00 | |
| Feed Barley (FOB Creil) |
151.00-153.00 |  0.65% |
| 2RS Malt (FOB Antwerp) |
357.50-359.50 | |
| 6RW Malt (FOB Antwerp) |
351.00-353.00 | |
German Malting Barley
Crop 2019
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
176.50-178.50 | 0.45% |
Danish Malting Barley
Crop 2019
Free on truck
Ex Farm |
DKK/T |
% |
| Malting Barley (East) |
nq | |
| Malting Barley (West) |
nq | |
No change;
 Price increase;
Price decrease versus last publication.
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Click here to see our Market Prices History.
USA: July marks sixth consecutive month of beer shipments decline
...Click here
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Russia: Beer production and sales increase in H1 2019
...Click here
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USA: AB InBev passes on option to acquire full control of Craft Brew Alliance
...Click here
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Canada: Barley crop advancing with variable harvest prospects
...Click here
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Germany: Hop Growers' Association expecting an acceptable average hop crop this year
...Click here
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Peru: Anheuser-Busch’s ZX Ventures acquires Peruvian craft brewery Barbarian
...Click here
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UK: Farmers rushing to sell barley, wheat crop ahead of potential no-deal Brexit
...Click here
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USA: Nearly all barley acres in the US are contracted now
...Click here
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Graph of the week
Table of the week
Black Sea Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
24 August
1853 - 1st potato chips prepared by Chef George Crum (Saratoga Springs, NY)
1869 - Cornelius Swarthout patents waffle iron
1995 - Windows 95 debuts
25 August
1609 - Galileo demonstrates his 1st telescope to Venetian lawmakers
1900 - Friedrich Nietzsche philosopher, dies in Weimar, Germany
1956 - 1st non-stop transcontinental helicopter flight arrived Washington D.C.
26 August
1541 - Turkish sultan Suleiman occupies Budapest and annexes Hungary
1843 - Charles Thurber patents a typewriter
1880 - Guillaume Apollinaire was born, poet/movie critic (Alcoola)
27 August
1910 - Mother Teresa was born (Agnes Gonxha Bojaxhiu), Yugoslavia, Nobel 1979
1950 - 1st transmission of a TV program from continental Europe shown on BBC
1965 - Le Corbusier, (Charles Jeanneret), Swiss/French architect, dies at 77
Agenda
August 2019:
26 - 31: Copa Cervezas de America 2019 (Valparaiso, Chile)
September 2019:
04 - 08: Mondial de la Biere 2019 (Rio de Janeiro, Brazil)
17 - 19: 10th Iberoamerican VLB Symposium Brewing & Filling Technology 2019 (Guadalajara, Mexico)
21 - 06 October: Oktoberfest 2019 (Munich, Germany)
26 - 27: Sea Brew 2019 (Bangkok, Thailand)
26 - 28: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
October 2019:
03 - 05: Stockholm Beer & Whisky Festival 2019 (Stockholm, Sweden)
03 - 05: The Great American Beer Festival 2019 (Denver, USA)
29 - 13 November: World Beer Cup 2020 (USA)
November 2019:
12 - 14: Brau Beviale 2019 (Nuremberg, Germany)
27 - 29: Drink Japan 2019 (Makuhari Messe, Japan)
December 2019:
05 - 07: Drink Technology India 2019 (New Delhi, India)
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Brewery News
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USA: July marks sixth consecutive month of beer shipments decline
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July marked the sixth consecutive month that U.S beer companies shipped fewer barrels of beer than they did in 2018. The Beer Institute (BI), citing unofficial estimates of domestic tax paid shipments from Alcohol and Tobacco Tax and Trade Bureau (TTB), reported that shipments declined 2.5%, to 14.8 million barrels, this July, Brewbound said on August 23.
BI chief economist Michael Uhrich attributed the declines to consumers trading up to higher priced offerings, such as hard seltzers and imports, as well as eschewing beer for wine and spirits.
“Because imports and hard seltzers tend to be more expensive, less volume is sold,” he said in an email to BI members.
Year-to-date, U.S. brewers have shipped more than 97.4 million barrels of beer, down nearly 1.7 million year-over-year. January has been the only month in 2019 in which U.S. beer companies have shipped more beer than they did in 2018.
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Russia: Beer production and sales increase in H1 2019
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Russia’s production of beer and beer-like drinks amounted to 39 mln hl in the first half of this year, 1% more than over the
...More info on site
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USA: AB InBev passes on option to acquire full control of Craft Brew Alliance
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Anheuser-Busch InBev has passed on its longstanding option to acquire full control of US craft beer partner Craft Brew Alliance.
The global brewer confirmed on August 23 it will not make an offer to buy the shares it does not already own in CBA. An option for AB InBev to buy the shares runs out on August 23, with the group agreeing instead to make a one-off US$20m payment to the craft collective.
AB InBev owns a 31.3% stake in CBA, a craft beer group comprising breweries including Kona Brewing, Redhook Ale Brewery and Widmer Brothers Brewery. In October last year, the group acquired Appalachian Mountain Brewery, Cisco Brewers and Wynwood Brewing Co. AB InBev's option to buy CBA formed part of a 2016 agreement strengthening the relationship between the two companies.
Mika Michaelis, president of AB InBev's US craft beer unit, the Brewers Collective, said: "The long-standing and strong partnership we have with CBA is extremely valuable to Anheuser-Busch. While we are not making an offer to purchase the remaining shares of CBA, our existing commercial partnership with CBA continues to be a key complement to our industry-leading craft portfolio and we look forward to working together for many years to come."
In
...More info on site
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Peru: Anheuser-Busch’s ZX Ventures acquires Peruvian craft brewery Barbarian
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Anheuser-Busch InBev’s growth and innovation group, ZX Ventures, has acquired Peruvian craft brewery Barbarian. Financial details were not disclosed, although ZX acquired 100% of the company’s shares, according to La Republica.
The acquisition was announced in Peru on August 13. Barbarian’s founders and collaborators will remain with the company, and ZX plans to triple Barbarian’s production by 2020, according to the outlet.
“We know that Barbarian has an incredible growth potential and that is why we have made the decision to add an important partner, which will take Barbarian to the next level,” co-founder Ignacio Schwalb said. “This partnership opens a new world full of possibilities and will give us the opportunity to look carefully at our processes and search for optimizations in order to strengthen the growth and sustainability of the brewery.”
AB InBev also owns Peruvian brewery Backus, which was obtained as part of the MegaBrew merger with SABMiller in 2015.
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Barley News
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Canada: Barley crop advancing with variable harvest prospects
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Canada’s barley and other crops are still advancing, however there is some nuisance rains in the forecast projected to cut across the Prairies and cause some harvest delays, CMBTC reported on August 23.
Harvest prospects are variable. The southern regions were deprived of normal rains and the northern regions received, in some cases, excessive rains. These, combined with cooler than seasonal temperatures, have pushed back crop development and placed the crop in danger of early frost, which would cause quality issues. These regions require warm dry weather into the end of August to early September. Some crops will need frost free weather into the first half of September.
Overall, the crop is developing under more favourable conditions than the start of the crop year. Stats Canada forecasts that the barley crop will be 9.7 million tonnes, while other agencies are forecasting a 10.4 million tonnes, which will easily surpass last year's crop of 8.4 million tonnes. In general the trade is more comfortable with a larger crop number.
General harvesting is still 1-3 weeks away depending on the area. The southern Prairies having slowly commenced harvesting.
Alberta
The southern region is the only one that has commenced harvest and general
...More info on site
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UK: Farmers rushing to sell barley, wheat crop ahead of potential no-deal Brexit
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British farmers are rushing to sell their big harvests of wheat and barley before October to avoid the potential market chaos of a no-deal Brexit, the Big News Network reported on August 20.
The UK may reap the most feed barley in four years, and wheat prospects are also improving, according to the Agriculture & Horticulture Development Board. Coupled with the risk that sales to the European Union may plummet if the UK departs without a deal, that's spurring a surge in early-season grain sales.
About 63 000 tons of barley were sold from farmers for spot delivery in the week ended August 8, AHDB data show. That's the largest in records to 2000, and feed wheat sales reached a three-year high.
"We're seeing a lot of spot demand coming in," said Edd Britton, a trader at Bartholomews Agri Foods in Chichester. "Our malting barley program is way ahead of where it usually is."
The UK may look further afield, such as North Africa, to offload its surplus. That's happened before after large harvests, though the markets are more commonly supplied by French and Black Sea grain. The weak pound has made British supply more competitive and prices may fall further after Brexit, according
...More info on site
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USA: Nearly all barley acres in the US are contracted now
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In the mid-1980s, US farmers produced more than 600 million bushels of barley annually, according to the U.S. Department of Agriculture. That number plummeted to just 153 million bushels in the year ending in May, The Ledger reported on August 19.
Most Americans probably don’t think about barley when they crack open a cold one.
But their thirst for beer is about the only reason the once abundant crop hasn’t disappeared.
American farmers have grown barley for centuries, mostly for livestock feed but also for human consumption and for malt in beer. Yet a steep decline in its use for feed drove annual production down by 75 percent from where it was more than three decades ago.
In the mid-1980s, farmers produced more than 600 million bushels — or 28.8 billion pounds — of barley annually, according to the U.S. Department of Agriculture.
That number plummeted to just 153 million bushels — or 7.3 billion pounds — in the most recent year ending in May.
Among the hardest hit areas between 2007 and 2017 were Kansas, Washington and North Dakota, according to the USDA’s Census of Agriculture, which is conducted every five years.
Almost all of what is produced now goes toward beer.
“Our No. 1 thing is,
...More info on site
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Hops News
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Germany: Hop Growers' Association expecting an acceptable average hop crop this year
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“Despite unfavourable weather conditions during June and July with too low and regional varied rainfall and excessive temperatures the change in weather in August
...More info on site
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