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E-Malt.com Flash 31a July 27 - July 29, 2020
Quote of the Week
He who drinks no more still likes to see the beer pulled.
German proverb
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Currency Rates
Base Currency: Euro on July 29, 2020 |
Base Currency: US Dollar on July 29, 2020 |
|
1 EUR = 1.1729 USD
1 EUR = 0.9092 GBP
1 EUR = 1.5683 CAD
1 EUR = 1.6404 AUD
1 EUR = 123.4600 JPY
1 EUR = 6.0427 BRL
1 EUR = 84.5964 RUB
1 EUR = 8.2096 CNY
|
|
1 USD = 0.8525 EUR
1 USD = 0.7752 GBP
1 USD = 1.3371 CAD
1 USD = 1.3985 AUD
1 USD = 105.2500 JPY
1 USD = 5.1520 BRL
1 USD = 72.1260 RUB
1 USD = 6.9994 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
July 29, 2020 |
French Barley/Malt Crop 2020 Bulk |
EUR/T |
% |
2RS Malting Barley (FOB Creil) |
173.00-175.00 | 0.57% |
6RW Malting Barley (FOB Creil) |
164.00-166.00 | |
Feed Barley (FOB Creil) |
161.00-163.00 | 0.61% |
2RS Malt (FOB Antwerp) |
367.00-369.00 | 0.33% |
6RW Malt (FOB Antwerp) |
356.00-358.00 | |
German Malting Barley Crop 2020 Bulk Ex Farm |
EUR/T |
% |
Average Malting Barley Price |
160.50-162.50 | |
Danish Malting Barley Crop 2020 Free on truck Ex Farm |
DKK/T |
% |
Malting Barley (East) |
1,174.00-1,176.00 | 2.49% |
Malting Barley (West) |
1,174.00-1,176.00 | 2.49% |
No change;
Price increase;
Price decrease versus last publication.
|
Click here to see our Market Prices History.
India: Consumers increasingly prefer hard spirits to beer during lockdown
...Click here
|
Bulgaria: Beer sales in restaurants drop by 60% in H1 2020
...Click here
|
Nigeria: International Breweries first-half results affected by Covid-19 pandemic
...Click here
|
EU: MARS cuts soft wheat yield forecast, increases outlook for winter and spring barley
...Click here
|
India: United Spirits posts net loss of 215 crore rupees for the first quarter of its current fiscal year
...Click here
|
India & Thailand: India tightens regulations for alcohol-free beer, Thailand mulling tax rises for the category
...Click here
|
Thailand & Australia: Thailand forecast to buy 600,000 tonnes of Australian barley
...Click here
|
Australia: Western Australia to further reduce barley area if China remains out of the market for Australian barley
...Click here
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Graph of the week
Table of the week
Top 10 Hop Varieties by Area Strung for 2020 Crop in the USA
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
27 July
1694 - The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 - Atlantic telegraph cable successfully laid (1,686 miles long)
1971 - Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE
28 July
1866 - Metric system becomes a legal measurement system in US
1900 - Hamburger created by Louis Lassing in Connecticut
1978 - Price of gold tops $200-an-oz level for 1st time
29 July
1914 - 1st transcontinental phone link made between New York City & San Francisco
1952 - 1st nonstop transpacific flight by a jet
1956 - Jacques Cousteau's Calypso anchors in 7,500 m of water (record)
Agenda
July 2020:
29 - 31: Beviale Mexico 2020 (Guadalajara, Mexico)
30 - 01 August: Korea International Beer Expo 2020 (Seoul, South Korea)
September 2020:
02 - 05: Expo Trade, Brewers Conference & Mar del Plata Beer Week 2020 (Mar del Plata Argentina)
03 - 05: Zurich Bier Festival 2020 (Zurich, Switzerland)
05 - 05: Copa Cervezas de America 2020 (Award Ceremony) (Mar del Plata, Argentina)
11 - 13: Mondial de la Biere - Paris 2020 (Paris, France)
14 - 25: Craft Brewing Online 2020 (Online)
18 - 08 October: WBC Connect 2020 (Online)
24 - 26: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
October 2020:
02 - 03: Stockholm Beer & Whisky Festival 2020 (Stockholm, Sweden)
08 - 11: Mondial de la Biere 2020 (Montreal, Canada)
13 - 16: China Brew & China Beverage (CBB) 2020 (Shanghai, China)
14 - 16: Expo Antad & Alimentaria Mexico 2020 (Expo Guadalajara, Mexico)
16 - 17: Great American Beer Festival 2020 (Online)
19 - 20: Planete Biere 2020 (Paris, France)
21 - 24: Beer 2020 (Sochi, Russia)
23 - 25: Cerveza Mexico Expo 2020 (Mexico City, Mexico)
26 - 28: VLB Brewing Conference 2020 (Leipzig, Germany)
29 - 30: Sea Brew 2020 (Taipei, Taiwan)
November 2020:
04 - 07: VIETFOOD & BEVERAGE - VIETNAM 2020 (Ho Chi Minh City, Vietnam)
10 - 12: Brau Beviale 2020 (Nuremberg, Germany)
11 - 11: European Beer Star 2020 - Award Ceremony & Winners' Night (Munich, Germany)
13 - 14: Beervana 2020 (Wellington, New Zealand)
18 - 22: Mondial de la Biere Rio 2020 (Rio de Janeiro, Brazil)
18 - 18: Brussels Beer Challenge 2020 (Brussels, Belgium)
25 - 27: Drink Japan 2020 (Tokyo, Japan)
December 2020:
09 - 11: Drink Technology India 2020 (Mumbai, India)
March 2021:
23 - 25: Beviale Moscow 2021 (Moscow, Russia)
May 2021:
17 - 23: Budapest Beer Week 2021 (Budapest, Hungary)
June 2021:
13 - 15: Bangkok Brewing Conference 2021 (Bangkok, Thailand)
15 - 17: Brasil Brau 2021 (Sao Paulo, Brazil)
July 2021:
13 - 15: Fdt Africa 2021 (Midrand, South Africa)
Brewery News
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India: Consumers increasingly prefer hard spirits to beer during lockdown
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As people stock up their refrigerators to keep up with the coronavirus-induced lockdown, beer is increasingly getting left out of the list. Beer giant
...More info on site
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Bulgaria: Beer sales in restaurants drop by 60% in H1 2020
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The Covid-19 crisis hit beer sales in Bulgaria hard in the first half of 2020, slashing sales of beer via restaurants by about 60 per cent, the Union of Brewers in Bulgaria said on July 20.
Restrictive measures by Bulgaria’s government saw restaurants and bars closed for several weeks, with their outdoor sections allowed to re-open in early May, while full re-opening was allowed later.
The Covid-19 crisis reversed previous positive trends in the brewing industry, the Union of Brewers said, noting that draught beer – kegs – in the first six months of 2020 accounted for only two per cent of the beer market.
Diminished purchasing power of consumers, the stagnation of sales through restaurants and the greatly reduced tourist numbers saw sales of beer in glass bottles reduced and sales of beer in plastic bottles grow.
“The pandemic of 2020 has posed a number of challenges to businesses and people,” Ivana Radomirova, executive director of the Union of Brewers in Bulgaria, said.
“It is therefore not surprising that for the first half of 2020, beer sales through restaurants fell sharply by about 60 per cent, while the volumes sold through the store network are almost at last year’s levels.”
Radomirova said that in spite
...More info on site
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Nigeria: International Breweries first-half results affected by Covid-19 pandemic
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International Breweries Plc (IB Plc), a proud part of the AB InBev family, the world’s largest brewer, has announced its unaudited results for its half-year period ended June 30th 2020, the Guardian reported on July 29.
The result, which was just released to the Nigerian Stock Exchange (NSE), reflected the impact of the ongoing Covid-19 pandemic on Nigeria.
As part of the company’s proactive measures, the cost of sales maintained a downward trend within the quarter. This was coupled with the stringent cost controls implemented at the beginning of the year and strengthening its credit modalities to better position the company for a return to competitive growth.
While the quarter may not have ended robust enough, the results show that the company made significant progress in some other critical areas as enumerated above which further demonstrates its commitment to build a company that will last by consolidating on the strategies being implemented to get it back on the path to profitability with better returns on investment for its shareholders. In addition, International Breweries continue to gain market share which has propelled it to No 2 position in Nigeria’s beer sub-sector.
Meanwhile, the company held its 43rd Annual General Meeting (AGM) on Tuesday, July 21,
...More info on site
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India & Thailand: India tightens regulations for alcohol-free beer, Thailand mulling tax rises for the category
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India has moved to implement strict 0% ABV regulations for alcohol-free beer in the country as part of the country’s alcoholic beverages revision, while Thailand is mulling tax raises for the category - spelling tough times ahead for zero-alcohol beers as a whole, FoodNavigator-Asia.com reported on July 27.
The Food Safety and Standards Authority of India (FSSAI) has issued a new directive for alcohol-free beer in the country under the paragraph for Beer in the Food Safety and Standards (Alcoholic Beverages) Regulations.
“A new clause shall be inserted in Part 4, Regulation 4.1 [of the Alcoholic Beverages Regulations] related to ‘Beer’, namely that Alcohol-free beer shall carry alcohol-by-volume (ABV) level of 0.0,” said FSSAI Advisor for Standards N. Bhaskar in the new directive.
“New draft regulations [for Alcoholic Beverages] are in the process of being notified, and the finalisation of these regulations are likely to take some time.”
Under the same regulation, beers with 0.5% to 5.0% ABV are considered Regular or Mild, whereas those with over 5.0% ABV are considered Strong (up till 8.0% when it will be not be considered under Beer regulations).
The status of beers with above 0.0% ABV but below 0.5% ABV has not been finalised in this directive, and
...More info on site
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USA: US brewers running out of aluminium cans
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Breweries in the US are running out of aluminium cans to package their beer after months of on-trade closures led to a much greater concentration on at-home drinking, The Drinks Business reported on July 27.
Brewers worldwide have shifted their priorities from kegs to cans in recent months after bars and restaurants were forced to close to stem the spread of coronavirus.
But now, packaging companies are struggling to keep up with the rising demand, and an aluminium shortage could prevent companies big and small from bringing their beer to market, reports Brewbound.
David Racino, co-founder of Texas-based packaging company American Canning, told the publication that sourcing 16oz cans will “be a problem this summer”.
“There is just such a strain on the supply chain right now.”
Beer and cider sales in supermarkets, shops and online topped US$1 billion in the week ending 9 May 2020, according to Nielsen, surpassing the top pantry-loading week of 21 March 20 by $15 million. The research firm also noted that shoppers are making fewer transactions, but spending more when they do, which suggests they are doing a ‘big shop’ once per week and stocking up on large quantities of what they would normally buy on an ad-hoc basis.
...More info on site
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Barley News
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EU: MARS cuts soft wheat yield forecast, increases outlook for winter and spring barley
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The EU's crop monitoring service MARS cut its 2020 soft wheat yield forecast again on July 27 to take account of rain damage in
...More info on site
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Thailand & Australia: Thailand forecast to buy 600,000 tonnes of Australian barley
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Thailand is forecast to buy 600,000 tonnes of Australian barley this year in a market which has the potential to reach 1 million tonnes (Mt), according to CBH Group trading manager Drew Robertson, Grain Central reported on July 28.
Speaking at the Grain Industry Association of Western Australia (GIWA) barley forum on July 27, Mr Robertson said Thailand’s tariff system was currently friendly to feed barley, and competitive pricing was making Australia a desirable supplier.
“Feed barley is displacing feed wheat into Thailand,” Mr Robertson said.
“For every cargo of feed wheat they buy, they have to buy three cargoes of domestic corn.
“That policy is not on barley, so they can buy and consume barley as a result of that without having to make the extra purchases of corn.
“Certainly if barley is priced at about a A$15-A$20/tonne discount to feed wheat on a landed Thailand basis, then barley has probably displaced feed wheat into those rations.”
In the Australian barley-marketing year to date, Mr Robertson said Thailand had purchased 430,000 tonnes, and could end up taking around 600,000t before the new marketing year started.
Australia’s exports of barley to Thailand have risen from 22,000 tonnes in 2016-17.
“Thailand could be up to 1 million tonnes (Mt)
...More info on site
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Australia: Western Australia to further reduce barley area if China remains out of the market for Australian barley
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A further drop in barley area can be expected in Western Australia from next year if China remains out of the market for Australian barley, according to CBH Group trading manager Drew Robertson.
Speaking at the Grain Industry Association of WA (GIWA) Barley Forum 2020 on July 27, Mr Robertson said barley’s higher yields relative to wheat, and its historically small discount to wheat, have seen WA’s barley area climb in the past decade.
“Barley yields about 15 per cent higher than wheat in WA than wheat,” Mr Robertson said.
“Barley has grown from 18pc of the commodity mix to 34pc, largely at the expense of wheat.
“In 2021, we’ll probably start to see the percentage of barley decline.”
Prior to China’s introduction of a tariff on Australian barley, GIWA forecast WA’s area planted to barley at 1.8 million hectares (Mha), down from last year’s record 1.9Mha ahead of concerns about the tariff’s impact on 2020-21 prices.
GIWA’s latest estimate puts WA’s planted barley area at 1.62Mha, and reverses the growth trend in WA barley area seen in the decade to now.
Mr Robertson said 2013 was the year “China really started to step up”, and between 2013 and 2018, helped to make feed barley’s discount to
...More info on site
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Whisky News
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India: United Spirits posts net loss of 215 crore rupees for the first quarter of its current fiscal year
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United Spirits, India’s largest liquor manufacturer, posted a net loss of ₹215 crore for the first quarter of the current fiscal, impacted by the
...More info on site
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