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E-Malt.com Flash 45b
November 10 - November 13, 2022
Quote of the Week
It's not what happens to you but how you react to it that matters.
Epictetus
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Currency Rates
Base Currency: Euro
on November 11, 2022 |
Base Currency: US Dollar
on November 11, 2022 |
| |
1 EUR = 1.0074 USD
1 EUR = 0.8749 GBP
1 EUR = 1.3557 CAD
1 EUR = 1.5527 AUD
1 EUR = 145.4010 JPY
1 EUR = 5.3009 BRL
1 EUR = 61.4948 RUB
1 EUR = 7.2786 CNY
|
|
1 USD = 0.9925 EUR
1 USD = 0.8684 GBP
1 USD = 1.3458 CAD
1 USD = 1.5411 AUD
1 USD = 144.3450 JPY
1 USD = 5.2621 BRL
1 USD = 61.0448 RUB
1 USD = 7.2253 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| November 11, 2022 |
French Barley/Malt
Crop 2022
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
357.00-359.00 |  |
| 6RW Malting Barley (FOB Creil) |
326.00-328.00 |  0.30% |
| Feed Barley (FOB Creil) |
294.00-296.00 | 1.34% |
| 2RS Malt (FOB Antwerp) |
688.50-690.50 | |
| 6RW Malt (FOB Antwerp) |
650.50-652.50 | 0.19% |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
350.00-352.00 | 0.57% |
| 6RW Malting Barley (FOB Creil) |
335.00-337.00 |  0.30% |
| 2RS Malt (FOB Antwerp) |
679.50-681.50 | 0.36% |
| 6RW Malt (FOB Antwerp) |
715.50-717.50 | 0.34% |
German Malting Barley
Crop 2022
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
351.50-353.50 | 0.07% |
 No change;
 Price increase;
 Price decrease versus last publication.
|
Click here to see our Market Prices History.
France: Malt industry hit hard by high energy, production costs
...Click here
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Japan: Kirin Holdings posts surge in nine-month earnings
...Click here
|
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Malaysia: Carlsberg Brewery Malaysia’s Q3 net profit triples on low base caused by Covid restrictions
...Click here
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World: Malting barley markets tight worldwide, analysts say
...Click here
|
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World: Barley trade forecast slightly down on lower exports expected from Argentina and Russia
...Click here
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EU & UK & Russia: Barley supply situation secure across Europe
...Click here
|
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Canada: 2022-23 barley crop expected to increase by 35% versus last year’s record low
...Click here
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UK: Sale of Eagle Brewery ‘highlights dominance of global brewers in the UK’, CAMRA says
...Click here
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India: India expected to be among top three markets for Budweiser in the next three years
...Click here
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India: AB InBev launches Budweiser Magnum Double Barrel Whiskey in India
...Click here
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Ireland: Heineken to increase price of its kegs next month
...Click here
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Graph of the week
Table of the week
Barley and Wheat Usage by UK Maltsters, Brewers, and Distillers
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
10 November
1544 - Antwerps painter John Matsys banished
1891 - Granville T. Woods patents electric railway
1951 - 1st long distance telephone call without operator assistance
1997 - WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time)
11 November
1493 - Columbus discovers Saba
1925 - Robert Millikan announces discovery of cosmic rays
1988 - Oldest known insect fossils (390 million years) reported in Science
1993 - Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000
12 November
1765 - Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
13 November
1851 - Telegraph connection between London-Paris linked
1893 - Edward A Doisy Sr is born, U.S. bio-chemist, Vitamin K1, Nobel 1943
1910 - 1st modern elastic brassiere patented by Mary Phelps Jacob
Agenda
November 2022:
22 - 23: 12th Iberoamerican VLB Symposium Brewing & Filling Technology 2022 (Uberlandia, Brazil)
December 2022:
06 - 08: 3rd VLB International Brewing Web Conference (VLB Virtual Campus)
07 - 09: Drink Technology India 2022 (Bombay Exhibition Centre, Mumbai, India)
07 - 09: Drink Japan 2022 (Makuhari Messe, Japan)
07 - 11: Mondial de la Biere Rio 2022 (Rio de Janeiro, Brazil)
February 2023:
10 - 13: HoReCa 2023 (Athens, Greece)
16 - 18: Great British Beer Festival Winter 2023 (Burton Town Hall, Burton-on-Trent, UK)
20 - 23: Beer & Food Attraction 2023 (Rimini, Italy)
March 2023:
07 - 09: Expo Antad & Alimentaria Mexico 2023 (Expo Guadalajara, Jalisco, Mexico)
08 - 11: Festival Brasileiro da Cerveja 2023 (Blumenau, Brazil)
24 - 26: St Malo Craft Beer Expo 2023 (St Malo, France)
April 2023:
02 - 06: 15th International Trends in Brewing 'Beer & Society' 2023 (Leuven, Belgium)
06 - 08: KIBEX 2023 (Seoul, South Korea)
May 2023:
07 - 10: Craft Brewers Conference & BrewExpo America 2023 (Nashville, TN, USA)
10 - 10: World Beer Cup 2023 (Nashville, TN, USA)
12 - 14: Cerveza Mexico Expo 2023 (Guadalajara, Mexico)
22 - 28: Budapest Beer Week 2023 (Budapest, Hungary)
22 - 23: The Brewers of Europe Forum 2023 (Prague, the Czech Republic)
25 - 27: InnBrew 2023 (Barcelona, Spain)
30 - 01 June: Beviale Mexico 2023 (Mexico City, Mexico)
June 2023:
01 - 04: Wiener Bierfest 2023 (Vienna, Austria)
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
13 - 14: IGC Grains Conference 2023 (London, UK)
August 2023:
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
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Malt News
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EU: Malt of barley crop 2022 virtually sold out
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There is no “malt market”. During past week quotes were reported – for crop 2023 - in the range of EUR 700 to EUR780
...More info on site
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France: Malt industry hit hard by high energy, production costs
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Production costs fuelled by the current energy crisis are reaching record highs, making it very hard for France’s malt industry, the top exporter in
...More info on site
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Brewery News
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Japan: Kirin Holdings posts surge in nine-month earnings
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Kirin Holdings Co., Ltd., an integrated beverages firm and one of Japan’s leading beer makers, on November 9 posted a surge in earnings for
...More info on site
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Malaysia: Carlsberg Brewery Malaysia’s Q3 net profit triples on low base caused by Covid restrictions
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Carlsberg Brewery Malaysia Bhd managing director Stefano Clini says the group will have to contend with challenges ahead despite announcing a stellar net profit
...More info on site
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UK: Sale of Eagle Brewery ‘highlights dominance of global brewers in the UK’, CAMRA says
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The Campaign for Real Ale (CAMRA) has reacted to the recent news of Carlsberg Marston’s Brewing Company (CMBC) selling the Bedford-based Eagle Brewery, stating it ‘highlights the dominance of global brewers in the UK and further squeezes small, independent brewers’, the Morning Advertiser reported on November 8.
Spanish brewer SA Damm acquired the Eagle Brewery from CMBC for an undisclosed sum, it was revealed this week.
The announcement also said as part of the deal, the Eagle Brewery’s beers will continue to be sold as part of CMBC’s portfolio.
Furthermore, all 67 production employees at the brewery will transfer over to Damm’s UK workforce.
This followed CMBC’s announcement in September that it was closing Jennings Brewery in Cockermouth, Cumbria.
Moreover, at the end of last year (December), CMBC revealed it had closed London Fields Brewery, shutting the taproom and ceasing brewing as it looked to sell the site and brand.
This was in addition to other deals cited by CAMRA including London-based Fullers being passed into the ownership of Asahi alongside many smaller independent breweries being swallowed up by global brewing giants.
CAMRA claimed the recent announcements are a ‘continuing sign of the difficulty UK-owned breweries are finding in competing against a few huge global brewing giants’.
The
...More info on site
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India: India expected to be among top three markets for Budweiser in the next three years
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AB InBev has stated that it expects India to be among the top three markets for Budweiser in the next three years, The Drinks Business reported on November 10.
Speaking this week, AB InBev president – India & South East Asia Kartikeya Sharma said that the prediction was led by double-digit growth in the premium beer segment.
Sharna told local reporters: “We think India could become a top three market for Budweiser in the next three years. By 2025, I would be very surprised if it does not become.”
India is currently already among the top five global markets for the Budweiser brand and AB InBev expects Bud to have achieved approximately Rs 1,800 crore in sales this year.
Additionally, there are also plans in place to increase the localisation of AB InBev’s Corona and Hoegaarden beer brands.
Despite Corona and Hoegaarden being smaller in scale, their contribution to AB InBev India’s top line is still significant with them collectively representing double-digits very soon. The plan, according to Sharma, is for AB InBev India to localise the production of both Corona and Hoegaarden which will help improve its accessibility. He admitted that the company has already started local brewing at a facility at Maharashtra and
...More info on site
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Ireland: Heineken to increase price of its kegs next month
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Heineken Ireland, one of the largest suppliers of beer and cider in the country, has informed pub landlords that it will increase the price of its kegs next month, the Business Plus reported on November 10.
In a letter to publicans, the brewer said the price of wholesale draught products would increase by 9% from 1 December, blaming "unprecedented cost increases" across its entire supply chain.
Keg prices for Heineken and Coors lager will increase by the equivalent of 17 cent per pint, while all other draught brands and keg sizes will increase in price at a pro-rata rate.
"This increase is essential for us to offset, in part, the severe cost input pressure and ensure that Heineken Ireland remains as active as ever in supporting you through our brand activities, our direct support to you in the trade, and our commitment to advertising and promotional spend," the group wrote.
Heineken said it would not pass on the full impact of cost rises for its Irish business, adding that it "sets the wholesale price that is charged for its products but has no role in relation to the price paid by the consumer, as this is set by individual operators within the on-trade sector."
Noel
...More info on site
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Barley News
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World: Malting barley markets tight worldwide, analysts say
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Malting barley markets are tight worldwide, H. M. Gauger GmbH said in their November report.
The EU surplus includes good French 6-row winter barley,
...More info on site
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World: Barley trade forecast slightly down on lower exports expected from Argentina and Russia
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World barley trade forecast for 2022/23 is slightly down in USDA’s November report: at 29.576 mln tonnes versus 30.116 mln tonnes forecast in October.
Export
...More info on site
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EU & UK & Russia: Barley supply situation secure across Europe
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Barley crop forecast for the EU-27 + UK is stable at 58.37 mln tonnes (slightly up from 58.24 mln in the late October forecast),
...More info on site
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Canada: 2022-23 barley crop expected to increase by 35% versus last year’s record low
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For 2021-22, the Canadian barley supply and demand situation includes sharply lower carry-in stocks, production and supply, as well as significantly reduced domestic feed
...More info on site
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China: Chinese maltsters step up barley imports
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Chinese maltsters recently stepped their acquisition of barley – mainly FAQ and feed barley, H. M. Gauger GmbH reported earlier this month.
Trade estimates
...More info on site
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Whisky News
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India: AB InBev launches Budweiser Magnum Double Barrel Whiskey in India
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Beer giant AB InBev (maker of Budweiser, Beck’s, Corona, Hoegaarden etc) has announced an India-first innovation, launching Budweiser Magnum Double Barrel Whiskey in one of the largest global whiskey markets, the Drum reported on November 11.
As the second largest spirits market in the world (10% of global spirits consumption happens there), India’s alcohol industry presents a very attractive economic opportunity. There is strong appetite (or thirst in this case) for a wide range of spirit options, as indicated by the growth of the vodka and gin categories, but it is whiskey that rules the roost and accounts for over 70% of spirits consumption in the country.
Vineet Sharma, vice-president of marketing for South Asia at AB InBev, says: “While the Indian alcohol industry is extremely competitive with legacy brands and newcomers alike, there is a huge opportunity for premium offerings across the category, as the trends show.” As a result, India is a lucrative ground for innovations, across price points and categories, he adds.
From Budweiser’s point of view, India is one of its top five markets globally and its aim is to lead premium category growth across beverage segments, with the slew of offerings and innovations, says Sharma.
In 2011, AB InBev
...More info on site
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