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E-Malt.com Flash 17b
April 28 - May 01, 2022
Quote of the Week
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Ralph Abernathy
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Currency Rates
Base Currency: Euro
on April 29, 2022 |
Base Currency: US Dollar
on April 29, 2022 |
| |
1 EUR = 1.0514 USD
1 EUR = 0.8419 GBP
1 EUR = 1.3484 CAD
1 EUR = 1.4802 AUD
1 EUR = 137.0870 JPY
1 EUR = 5.2229 BRL
1 EUR = 76.7379 RUB
1 EUR = 6.9468 CNY
|
|
1 USD = 0.9510 EUR
1 USD = 0.8007 GBP
1 USD = 1.2825 CAD
1 USD = 1.4077 AUD
1 USD = 130.3640 JPY
1 USD = 4.9677 BRL
1 USD = 72.9882 RUB
1 USD = 6.6074 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| April 29, 2022 |
French Barley/Malt
Crop 2021
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
424.00-426.00 |  1.19% |
| 6RW Malting Barley (FOB Creil) |
393.00-395.00 | 1.81% |
| Feed Barley (FOB Creil) |
387.00-389.00 | 1.57% |
| 2RS Malt (FOB Antwerp) |
727.00-729.00 | 0.85% |
| 6RW Malt (FOB Antwerp) |
688.50-690.50 | 1.26% |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
389.00-391.00 | 0.78% |
| 6RW Malting Barley (FOB Creil) |
375.00-377.00 | 0.53% |
| 2RS Malt (FOB Antwerp) |
680.50-682.50 | 0.54% |
| 6RW Malt (FOB Antwerp) |
663.00-665.00 | 0.37% |
German Malting Barley
Crop 2021
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
396.00-398.00 | 2.63% |
 No change;
Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
EU: Malt exports in July-March 2021/22 slightly below last season’s
...Click here
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World: Carlsberg enjoys 27% sales increase in Q1 2022
...Click here
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Germany: Surge in prices another bitter pill for Germany’s brewers
...Click here
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Brazil: Heineken to build a new brewery in Minas Gerais
...Click here
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Nigeria: Guiness Nigeria posts increased profit after tax for Q3 to end March
...Click here
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Poland: Carlsberg’s sales in Poland fell in March and continued to drop in April
...Click here
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Australia: 2022/23 barley production forecast at 11.5 mln tonnes, below record marketing year 2021/22
...Click here
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Argentina: Argentina to harvest record barley output, lower wheat volume in 2022-23
...Click here
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World: Pernod Ricard posts a forecast-beating 20% jump in third quarter sales
...Click here
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Australia: Hop Products Australia completes its 2022 hop harvest
...Click here
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India: Pernod Ricard urges India on to drop high tax on imported liquor
...Click here
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Japan: Asahi shares surge after announcement of first price increases in 14 years
...Click here
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USA & Ukraine: AB InBev to brew Ukraine’s most popular beer brand in the US
...Click here
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Graph of the week
Table of the week
Africa Barley Imports, Production, Consumption, and Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
28 April
1686 - 1st volume of Isaac Newton's "Principia" published
1989 - Argentina, hit by rocketing inflation, runs out of money
2001 - Dennis Tito becomes the first space tourist by paying $20 million to fly on a Soyuz mission to the International Space Station
29 April
1813 - Rubber is patented
1910 - The Parliament of the United Kingdom passes the People's Budget, the first budget in British history with the expressed intent of redistributing wealth among the British public
1913 - Swedish engineer Gideon Sundback of Hoboken patents all-purpose zipper
1953 - The first U.S. experimental 3D television broadcast showed an episode of Space Patrol on Los Angeles ABC affiliate KECA-TV
1977 - British Aerospace forms
30 April
1506 - Philip of Bourgondy and England sign trade agreement
1925 - Automaker Dodge Brothers, Inc is sold to Dillon, Read & Co. for US$146 million plus $50 million for charity
1939 - NBC inaugurates its regularly scheduled television service in New York City, broadcasting President Franklin D. Roosevelt's N.Y. World's Fairopening day ceremonial address
1939 - NBC/RCA 1st public TV demo with Franklin D. Roosevelt at opening of New York World's Fair
1995 - Sun Microsystems launches Java, the universal Internet programming language that brings "white space" and greater interactivity to millions of websites and Internet users
01 May
1876 - The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1925 - The All-China Federation of Trade Unions is officially founded. Today it is the largest trade union in the world, with 134 million members
1972 - Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world's first day of trading in foreign-currency futures
Agenda
May 2022:
02 - 05: Craft Brewers Conference & BrewExpo America 2022 (Minneapolis, MN, USA)
05 - 05: World Beer Cup 2022 (USA)
11 - 13: Craft Beer China 2022 (Shanghai, China)
17 - 19: Expo Antad & Alimentaria Mexico 2022 (Expo Guadalajara, Jalisco, Mexico)
19 - 22: Mondial de la Biere 2022 (Montreal, Canada)
25 - 29: Latvia Beer Fest 2022 (Riga, Latvia)
29 - 01 June: The Brewers of Europe Forum & 38th EBC Congress (Madrid, Spain)
30 - 01 June: Brasil Brau 2022 (Sao Paulo, Brazil)
June 2022:
07 - 08: IGC Grains Conference 2022 (London, UK)
07 - 08: Bevexpo 2022 (Manchester, UK)
10 - 11: Tallinn Craft Beer Weekend 2022 (Tallinn, Estonia)
12 - 14: Bangkok Brewing Conference 2022 (Bangkok International Trade & Exhibition Centre (BITEC) Bangkok, Thailand)
August 2022:
11 - 13: VIETFOOD & BEVERAGE - VIETNAM 2022 (Saigon Exhibitions and Conventions Center. 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2022:
02 - 04: Finest Spirits 2022 (Munich, Germany)
12 - 16: Drinktec 2022 (Messe Muenchen, Munich, Germany)
17 - 03 October: Oktoberfest 2022 (Munich, Germany)
21 - 22: Beverage Industry. Beer and Soft Drinks Industry - 2022 (Expocenter of Ukraine, Kyiv, Ukraine)
27 - 29: 3rd VLB Africa Brewing Conference (VLB Virtual Campus)
October 2022:
06 - 08: The Great American Beer Festival 2022 (Denver, USA)
27 - 28: Sea Brew 2022 (Bangkok, Thailand)
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
20 - 23: Beer & Food Attraction 2022 (Rimini, Italy)
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Malt News
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EU: Malt exports in July-March 2021/22 slightly below last season’s
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EU malt exports in July 1, 2021 – March 27, 2022 were 2.187 mln tonnes, vs. 2.277 in 20/21 and 2.092 in 2019/20 (in
...More info on site
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Brewery News
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World: Carlsberg enjoys 27% sales increase in Q1 2022
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Danish brewer Carlsberg said on April 28 rising consumer prices had not dented demand for beer, as it geared up for further price increases
...More info on site
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Germany: Surge in prices another bitter pill for Germany’s brewers
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The Veltins brewery in Germany was already wrestling with pandemic-spurred hikes in ingredient and transport costs over the last year, but a surge in
...More info on site
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Vietnam: Sabeco’s post-tax profit up 25% in Q1
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Saigon Beer brewer Sabeco saw its post-tax profit rising 25 percent year-on-year to VND1.2 trillion ($52.27 million) in Q1 thanks to the resumption of
...More info on site
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Brazil: Heineken to build a new brewery in Minas Gerais
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Heineken NV's Brazilian arm is set to invest 1.8 billion reais ($360.73 million) in a new production facility in Minas Gerais state in southeast
...More info on site
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Nigeria: Guiness Nigeria posts increased profit after tax for Q3 to end March
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Guiness Nigeria, a subsidiary of Diageo Plc, has posted a profit after tax of N15,278, 335,000 billion for its third quarter ended March 31,
...More info on site
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Poland: Carlsberg’s sales in Poland fell in March and continued to drop in April
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Carlsberg said its beer sales in Poland fell by 3-4% in March and have continued to drop in April, underlining the troubles facing brewers in a market which has been declining as consumers switch to wine and spirits, Reuters reported on April 28.
The Danish brewer's chief executive Cees't Hart said the trend has been exacerbated this year by an additional excise tax, inflation and since February the refugee crisis precipitated by Russia's invasion of Poland's neighbour Ukraine.
Almost 3 million Ukrainian refugees have entered Poland in less than two months, with the population of Warsaw alone growing by around 15% since Moscow began what it calls a "special military operation" in Ukraine on Feb. 24.
"A lot of big parties were cancelled, and the lives of many people were affected as they're taking care of the refugees," Hart said, adding: "Their minds are simply in a different place than celebrating life and having a beer together."
Polish consumer confidence has dropped sharply since the Ukraine crisis began, hitting 20-year lows in March and April.
Beer consumption in Poland totalled 102 litres per person last year, which is still by far the highest of any of Carlsberg's main markets. Carlsberg, which has three breweries in
...More info on site
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Japan: Asahi shares surge after announcement of first price increases in 14 years
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Shares in Asahi Group Holdings surged on April 27 after the Japanese beermaker announced its first price increases for canned beer in 14 years and a range of other price hikes to cope with rising costs, Reuters reported.
Retail prices on 162 items, mostly beer products, will rise between 6% and 10% from Oct. 1, reflecting increasing costs for materials, energy and transportation, it said on April 26 after the market closed.
After decades of deflation in Japan, consumer price pressures have mounted as the cost of fuel and other commodities soar in the wake of Russia's invasion of Ukraine and due to logistical snags caused by the coronavirus pandemic.
Asahi's stock climbed 4.3%, outperforming a 1.2% drop in the benchmark Nikkei index.
Rivals Kirin Holdings Co and Sapporo Holdings Ltd said on April 27 they are also considering price increases but have not made a decision yet.
A Suntory Holdings Ltd spokesperson said the company had no comment, noting the company's last price changes for its beer and wine products were in October 2020.
Asahi is Japan's biggest beer maker, commanding nearly 40% of the market.
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USA & Ukraine: AB InBev to brew Ukraine’s most popular beer brand in the US
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Anheuser-Busch is bringing Ukraine's most popular beer brand to the United States with proceeds benefiting humanitarian relief in the war-torn country, CNN reported on April 27.
Beginning in May, Chernigivske will brewed at Anheuser-Busch's Newark, New Jersey, factory and be sold on draught in Los Angeles, New York, Chicago, Houston, and Phoenix. Specific locations will be announced on a special website.
AB InBev said the initiative is "aimed at providing humanitarian relief for those impacted by the crisis in Ukraine." In addition to the beer's sales, the company will donate at least $5 million to humanitarian aid organizations, including a nonprofit called CARE Ukraine Crisis Fund.
Chernigivske's brand celebrates Ukraine's history, culture, and people, according to a description, and has "subtly fruity notes" and a "moderately bitter finish." The pale golden lager, which is part of AB InBev's portfolio, is named after the hard hit Ukrainian city of Chernihiv and has been brewed there since 1988.
The brewer has recently brought the beer to other countries, including the United Kingdom, Germany, Belgium, France and the Netherlands. The initiative is part of broader efforts to support Ukraine, which including donating emergency drinking water and essential supplies to refugee relief areas. AB InBev has about 1,800
...More info on site
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Russia: Irish pubs in Russia run out of Guinness
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Many Irish pubs in Russia has reportedly run out of Guinness as exports to the country were halted during the Ukraine invasion, The Irish Sun reported on April 29.
Diageo stopped shipping Guinness to both Russia and Ukraine shortly after the Russian invasion.
And stock in both countries is running extremely low, with reports that Irish pubs in Russia have completely run out of the stout.
Diageo have paused the export of products to Ukraine and Russia and are supporting humanitarian efforts, according to the Irish Independent.
Diageo’s business in Russia contributed to less than 1 per cent of sales and operating profit in the first half of this year.
The alcohol giant has under 300 employees in Russia and only a handful in Ukraine.
Several pubs in Moscow have reported that stocks of Guinness and Kilkenny have disappeared completely.
Oleg, a barman at Harat’s Pub in Moscow, told the Irish Independent that his premises has run out of Guinness.
He said: “Our last barrels of Guinness and Kilkenny have finished sadly but we have plenty of other Western beers and Russian beer in stock."
He added that there is discussion about brewing Russian-made Guinness, but it has not come to any fruition yet.
Several other mega companies have stopped
...More info on site
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Barley News
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Australia: 2022/23 barley production forecast at 11.5 mln tonnes, below record marketing year 2021/22
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FAS/Canberra forecasts Australia’s marketing year (MY) 2022/23 barley production at 11.5 mln tonnes, 2.2 mln tonnes below the record for MY 2021/22 of 13.7
...More info on site
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Argentina: Argentina to harvest record barley output, lower wheat volume in 2022-23
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Lower wheat production and exports are forecast for Argentina in the 2022-23 marketing year, according to a Global Agricultural Information Network report from the
...More info on site
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Hops News
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Australia: Hop Products Australia completes its 2022 hop harvest
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Hop Products Australia (HPA) has completed its 2022 hop harvest and its crop report highlights the positive impact the hop grower’s A$35 mln expansion project has had on both the quantity and quality of its hops, The Shout reported on April 28.
The project, which started back in 2019, has seen the planting of 300 new hectares of Galaxy, Vic Secret and HPA’s newest proprietary hop Eclipse, as well as the construction of a new processing facility. In addition the facility now houses two additional picking machines, 12 kiln floors, one conditioning floor and one bale press, which has effectively boosted HPA’s total processing capacity by 50 per cent.
This year’s increased harvest saw HPA pick 810 hectares across three farms, producing 1656 metric tonnes of hops. This resulted in a 135 hectare (20.1 per cent) net increase and a 130 metric tonne (8.4 per cent) net increase year-on-year across HPA’s six proprietary hops – Eclipse, Ella, Enigma, Galaxy, Topaz and Vic Secret, as well as Cascade.
Head of Sales & Marketing Owen Johnston said: “HPA successfully executed a strategy to increase the production volume and brewing quality of our most in-demand Aussie hops.”
Impact in beer is expected to remain strong, with oil
...More info on site
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Whisky News
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World: Pernod Ricard posts a forecast-beating 20% jump in third quarter sales
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French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on Thursday, 28 April but said that COVID-19 measures in
...More info on site
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India: Pernod Ricard urges India on to drop high tax on imported liquor
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French spirits giant Pernod Ricard urged India on April 28 to drop its high tax on imported liquor, saying the tariff puts many of its drinks out of reach of consumers, the Yahoo News Singapore reported.
The 150% tax on imported liquor has long been a sore point for the industry, and poses a "large challenge" for Pernod Ricard, South Asia CEO Thibault Cuny told Reuters in an interview.
"We are in favour of free trade ... 150% in India is far beyond many other markets. It creates unaffordability of certain type of products," Cuny said at Pernod's office on the outskirts of New Delhi.
Asked if the duty should be ditched, Cuny said: "Yes, yes, we should go after zero ... the ultimate objective should be a 0%."
Industry sources say India has kept taxes high on imported liquor as it helps the government generate revenue from alcohol sales and keep consumption in check.
India's $20 billion alcohol market is set to grow by 7% each year, with whiskey and spirits among favourites, IWSR Drinks Market Analysis says, making the country of 1.4 billion people a key growth market for the likes of Pernod and Diageo.
Pernod is the world's second-biggest spirits group and owns
...More info on site
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