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E-Malt.com Flash 23a
June 05 - June 07, 2023
Quote of the Week
Quaintest thoughts, queerest fancies come to life and fade away. What care I how time advances; I am drinking ale today.
Edgar Allan Poe
Currency Rates
Base Currency: Euro
on June 07, 2023 |
Base Currency: US Dollar
on June 07, 2023 |
| |
1 EUR = 1.0699 USD
1 EUR = 0.8610 GBP
1 EUR = 1.4354 CAD
1 EUR = 1.6073 AUD
1 EUR = 149.3120 JPY
1 EUR = 5.2645 BRL
1 EUR = 86.8330 RUB
1 EUR = 7.6122 CNY
|
|
1 USD = 0.9345 EUR
1 USD = 0.8047 GBP
1 USD = 1.3417 CAD
1 USD = 1.5022 AUD
1 USD = 139.5480 JPY
1 USD = 4.9206 BRL
1 USD = 81.1602 RUB
1 USD = 7.1149 CNY
|
Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 07, 2023 |
French Barley/Malt
Crop 2023
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
279.00-281.00 |  8.11% |
| 6RW Malting Barley (FOB Creil) |
249.00-251.00 | 4.60% |
Feed Barley (FOB Creil) |
212.00-214.00 | 6.50% |
| 2RS Malt (FOB Antwerp) |
622.00-624.00 | 4.33% |
| 6RW Malt (FOB Antwerp) |
658.00-660.00 | 4.08% |
French Barley/Malt
Crop 2024
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
281.00-283.00 | 9.30% |
| 6RW Malting Barley (FOB Creil) |
251.00-253.00 | 5.88% |
| 2RS Malt (FOB Antwerp) |
634.50-636.50 | 4.87% |
| 6RW Malt (FOB Antwerp) |
597.50-599.50 | 2.96% |
German Malting Barley
Crop 2022
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.
Tanzania: Tanzania Breweries announces investment in new malting plant in Moshi
...Click here
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UK: Carlsberg Marston’s Brewing Company proposing to sell Ringwood Brewery in Hampshire
...Click here
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USA: Sales of Modelo Especial officially surpass Bud Light’s
...Click here
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World: Diageo CEO Ivan Menezes dies after brief illness
...Click here
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UK: Number of breweries going out of business triples in past year
...Click here
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EU & UK: Barley crop forecast reduced on ongoing drought problems in Spain
...Click here
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North America: Canada on pace to repeat barley crop of 10 mln tonnes this year
...Click here
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Australia: Winter crop production forecast to fall from record highs with barley down 30% in 2023-24
...Click here
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Ireland: Alcohol-free Guinness to become available on draught in pubs this summer
...Click here
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Turkey: Grains board increases intervention prices for barley and wheat
...Click here
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Graph of the week
Table of the week
Spain Beer Production 2018 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
05 June
1507 - England and Netherlands sign trade agreement
1933 - Gold standard abolished
1933 - The U.S. Congress abrogates the United States' use of the gold standard by enacting a joint resolution (48 Stat. 112) nullifying the right of creditors to demand payment in gold
1947 - Marshall Plan: In a speech at Harvard University, the United States Secretary of State George Marshall calls for economic aid to war-torn Europe
1977 - Apple II, the 1st personal computer, goes on sale
06 June
1875 - Netherlands goes on the gold standard
1882 - Electric iron patented by Henry W Seely, New York City
1925 - Walter P. Chrysler founds the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co.
07 June
1775 - United Colonies change name to United States
1887 - Monotype type-casting machine patented by Tolbert Lanston
1965 - Sony Corp introduced its home video tape recorder
1990 - Universal Studios Florida opens in Orlando, FL
Agenda
June 2023:
05 - 06: Tallinn Craft Beer Weekend 2023 (Tallinn, Estonia)
10 - 11: Bruges Beer Festival 2023 (Bruges, Belgium)
12 - 13: IGC Grains Conference 2023 (London, UK)
13 - 14: VLB Africa Brewing Conference 2023 (Douala, Cameroon)
August 2023:
01 - 05: Great British Beer Festival 2023 (London, UK)
10 - 12: VIETFOOD & BEVERAGE - VIETNAM 2023 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
18 - 19: Beervana 2023 (Wellington, New Zealand)
September 2023:
04 - 06: 13th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Bogota, Colombia)
16 - 03 October: Oktoberfest 2023 (Munich, Germany)
October 2023:
04 - 06: Drink Technology India 2023 (Pragati Maidan, New Delhi, India)
08 - 10: EBC Symposium 2023 (Salzburg, Austria)
10 - 12: International Beer Strategies Conference 2023 (Berlin, Germany)
19 - 20: Brew Asia 2023 (Ho Chi Minh City, Vietnam)
20 - 21: Salon du Brasseur 2023 (Parc Expo Nancy, France)
21 - 23: Whisky Live Paris 2023 (Paris, France)
November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)
December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)
February 2024:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)
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Malt News
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Tanzania: Tanzania Breweries announces investment in new malting plant in Moshi
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Tanzania Breweries Limited (TBL) has announced a Sh96 billion (USD40 mln) investment in its flagship Kilimanjaro Malting Plant that is being built in Moshi,
...More info on site
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UK: Carlsberg Marston’s Brewing Company proposing to sell Ringwood Brewery in Hampshire
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Carlsberg Marston’s Brewing Company (CMBC) has revealed it is proposing to sell Ringwood Brewery in Hampshire citing the venue’s location being in a residential
...More info on site
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Brewery News
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USA: Sales of Modelo Especial officially surpass Bud Light’s
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Off-premise sales of Modelo Especial surpassed Bud Light last month, according to Newsweek. The Mexican beer brand, distributed in the U.S. by Constellation Brands, hit $333 million in retail sales to secure the top-selling spot in the beer category, VinePair reported on June 7.
Bud Light had long occupied the No. 1 position for U.S. beer sales. But following a boycott by conservative drinkers beginning in early April, the Anheuser-Busch brand saw continuing (and significant) drops in retail sales. The company began buying back unsold cases in late May after distributors reported transphobic attacks on employees selling and transporting the beer.
Newsweek’s reporting is based on Circana/IRI sales data from the past month, which were obtained through Constellation. In May, Modelo Especial recorded a 15.6 percent increase in sales year-over-year. Bud Light hit $247 million that same month, reflecting a 22.8 percent decrease from 2022. Separate data from industry-focused Bumps Williams Consulting records May sales for Modelo Especial at $341.9 million in sales and Bud Light at $298.6 million.
Constellation CEO Bill Newlands told Newsweek that the change happened more quickly than leadership expected.
“We thought that would take a little longer,” he said. “We’ve been very fortunate that it’s gone a little quicker
...More info on site
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World: Diageo CEO Ivan Menezes dies after brief illness
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Diageo said on June 7 that long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness.
The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Guinness and Johnnie Walker whisky maker announced this week.
His recovery had suffered a significant setback due to complications, which followed emergency surgery on the ulcer, Diageo had said.
The company added that CEO-designate Debra Crew would assume the top role on an interim basis immediately as a result.
British-American national Menezes, born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997.
The executive, who was behind the "Keep Walking" campaign for Johnnie Walker when he was marketing head, previously held roles at Whirlpool and Nestle.
"This is an incredibly sad day. Ivan was undoubtedly one of the finest leaders of his generation," said Diageo chairman Javier Ferrán.
"The desire to build the world's best brands never left him."
Diageo, which also makes Tanqueray gin and Don Julio tequila, has seen sales surge under Menezes' leadership, and he steered the company
...More info on site
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UK: Number of breweries going out of business triples in past year
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The number of UK breweries going out of business has tripled in the past year, with smaller craft beer manufacturers most at risk as
...More info on site
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Ireland: Alcohol-free Guinness to become available on draught in pubs this summer
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Diageo is set to make pints of alcohol-free Guinness available on draught in pubs across Ireland this summer, The Drinks Business reported on June 5.
Guinness 0.0, which is set to become available to buy on draught from mid-July, has only been sold in cans in Irish bars up until this point.
Now, publicans have reportedly been told that Guinness 0.0 will be available on draught within a few months, making the stout serve cooler than in its current format.
According to reports, Diageo has been urging pubs to take the 0.0 brand on draught and its teams of are now working to install separate pipes for the 00 brand into venues that want to stock it.
One County Louth publican who is planning to have the 0.0 draught version installed, told reporters: “The drink is very popular with designated drivers who feel they can still have good craic drinking a zero zero and it almost tastes as nice as the real thing. The drink has become a big hit in a very short space of time and now Guinness wants to roll it out everywhere. The reaction to it from the punters is very positive and the 00 obviously has a huge future
...More info on site
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Barley News
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EU & UK: Barley crop forecast reduced on ongoing drought problems in Spain
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Barley production forecast for 2023/23 has been reduced due to the ongoing problems in Spain, RMI Analytics said in their latest report.
The severe drought
...More info on site
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North America: Canada on pace to repeat barley crop of 10 mln tonnes this year
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The last 30 days provided relief to soil moisture conditions in Canada while also helping to subside the serious wildfires across northern Alberta, RMI
...More info on site
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Australia: Winter crop production forecast to fall from record highs with barley down 30% in 2023-24
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Australian winter crop production is set to fall from record highs, according to the country's agricultural department, as forecasters predict drier weather after three
...More info on site
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Turkey: Grains board increases intervention prices for barley and wheat
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The Turkish grains board (TMO) has published new domestic intervention prices for the purchase of wheat and barley on June 6, revealing another substantial hike of 28% and 23% respectively, trade sources have told Agricensus.
The announcement had been expected and usually comes in late May or early June to coincide with the start of the new marketing year.
Turkish authorities have set the wheat intervention price at TRY8,250/mt, up from TRY6,450/mt, and barley at TRY7,000/mt, up from TRY5,000/mt.
On top of that, there would be a TRY1,000/mt premium for anyone selling wheat in the first three months of the marketing year, and a TRY500/mt premium for barley.
Collectively, it equated to $430/mt for wheat and $348.50/mt for barley, according to current currency conversions.
The moves are likely to reflect the continuing slide of the domestic currency on international markets, with the lira again taking a battering after the re-election of president Recep Tayyip Erdogan to plumb new depths against the US dollar.
Currently, one US dollar buys around TRY21.5, up from TRY16.6 at the same point of last year.
However, the increase and the relatively low prices of global wheat could fuel interest in selling into the domestic market and buying on the international market.
“Obviously, the
...More info on site
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