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E-Malt.com Flash 23a
June 01 - June 03, 2026
Quote of the Week
Most of the things worth doing in the world had been declared impossible before they were done.
Louis D. Brandeis
Currency Rates
Base Currency: Euro
on June 03, 2026 |
Base Currency: US Dollar
on June 03, 2026 |
| |
1 EUR = 1.1636 USD
1 EUR = 0.8641 GBP
1 EUR = 1.6104 CAD
1 EUR = 1.6218 AUD
1 EUR = 185.9480 JPY
1 EUR = 5.8450 BRL
1 EUR = 84.4845 RUB
1 EUR = 7.8701 CNY
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1 USD = 0.8593 EUR
1 USD = 0.7425 GBP
1 USD = 1.3839 CAD
1 USD = 1.3937 AUD
1 USD = 159.7960 JPY
1 USD = 5.0232 BRL
1 USD = 72.6056 RUB
1 USD = 6.7636 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 03, 2026 |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
223.00-225.00 |  1.75% |
| 6RW Malting Barley (FOB Creil) |
202.00-204.00 | 2.87% |
Feed Barley (FOB Creil) |
187.00-189.00 | 5.53% |
| 2RS Malt (FOB Antwerp) |
563.00-565.00 | 0.86% |
| 6RW Malt (FOB Antwerp) |
537.50-539.50 | 1.35% |
German Malting Barley
Crop 2025
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.
Spain: Rise of non-alcoholic beverages redefining consumption in Spain
...Click here
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Finland: Alcohol consumption continues its downward trend
...Click here
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Malaysia: Leading beer makers deliver mixed results in latest quarterly earnings
...Click here
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Australia: Iconic Tasmanian brewer James Boag to cease production in the state by November
...Click here
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Nigeria: Champion Breweries positioned for sustained growth throughout 2026
...Click here
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Australia: Initial winter crop forecast 21% below 2025-26 total
...Click here
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UK: Barley markets under pressure despite better crops
...Click here
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The Czech Republic: Saaz hops under threat from global warming
...Click here
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UK: Rapid rise of alcohol-free and low-alcohol beer creating new promotional opportunities for breweries
...Click here
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UK: Scottish barley production threatened by declining whisky demand
...Click here
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Japan: Asahi to change flavor profile of its flagship Super Dry beer for the first time in four years
...Click here
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UK & India: India may reconsider easing Scotch whisky tariffs if UK imposes steel curbs
...Click here
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Kenya: High Court dismisses bid by Bia Tosha distributors to halt EABL–Diageo–Asahi transaction
...Click here
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The Netherlands & Greece: Dutch Supreme Court rejects Heineken’s jurisdiction appeal in long-running Macedonian Thrace Brewery litigation
...Click here
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Graph of the week
Table of the week
North America's Barley Imports, Production, Consumption, and Ending Stocks
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
01 June
1812 - The State of New York charters a new institution called City Bank of New York, called today Citigroup
1880 - 1st pay telephone installed
1939 - Stockbrokers are officially designated as "registered representatives"
1980 - Cable News Network (CNN) begins broadcasting
2009 - General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history
02 June
1891 - Work on trans-Siberian railway begins
1907 - Taxis 1st began running in New York City
1977 - Trans Alaska oil pipeline completed
03 June
1748 - Amsterdam establishes municipal postal service
1889 - The transcontinental Canadian Pacific Railway is completed
1903 - Henry Ford launches the Ford Motor Co. in a refurbished wagon factory in Detroit
1932 - Benjamin Graham publishes the first of a three-part series of articles in Forbes Magazine
Agenda
June 2026:
08 - 10: Brewing Conference Bangkok 2026 (Muang Thong Thani, Impact Challenger Hall, Jupiter 4-5, Bangkok, Thailand)
09 - 10: IGC Grains Conference 2026 (2 Savoy Place, London, UK)
09 - 11: Brasil Brau 2026 (Sao Paulo, Brazil)
17 - 18: Global Beer Summit 2026 (Brussels, Belgium)
July 2026:
17 - 18: London Craft Beer Festival 2026 (London, UK)
August 2026:
06 - 08: VIETFOOD & BEVERAGE - PROPACK VIETNAM 2026 (799 Nguyen Van Linh Street, Tan My Ward, Ho Chi Minh City, Vietnam)
21 - 22: Beervana 2026 (Wellington, New Zealand)
September 2026:
12 - 13: Bruges Beer Festival 2026 (Bruges, Belgium)
19 - 04 October: Oktoberfest 2026 (Munich, Germany)
24 - 27: Mondial de la Biere 2026 (Montreal, Canada)
26 - 28: Whisky Live Paris 2026 (Paris, France)
October 2026:
08 - 10: The Great American Beer Festival 2026 (Denver, USA)
15 - 16: Salon du Brasseur 2026 (Parc Expo Nancy, France)
23 - 25: Stockholm Beer & Whisky Festival 2026 (Stockholm, Sweden)
28 - 29: Brew Asia 2026 (Ho Chi Minh City, Vietnam)
31 - 03 November: Planete Biere Rennes 2026 (Rennes, France)
November 2026:
10 - 12: Brau Beviale 2026 (Nuremberg, Germany)
23 - 25: 16th Iberoamerican VLB Symposium Brewing & Filling Technology (Panama)
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Brewery News
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Spain: Rise of non-alcoholic beverages redefining consumption in Spain
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New generations are driving more balanced consumption habits in Spain, where alcohol-free alternatives and healthy options are gaining prominence without displacing the social and cultural value of traditional beverages, Democrata reported on May 28.
Alcohol consumption in Spain is undergoing an unprecedented change. Although a beer in the sun, wine as an accompaniment to meals, or midday vermouth continue to be part of the country's social and gastronomic culture, the habits of new generations and the growing concern for well-being are driving new, more balanced, and conscious forms of consumption.
In this context, alternatives such as alcohol-free beer, sparkling water, or low-sugar soft drinks are gaining more prominence, options that respond to an increase in demand for products compatible with healthy lifestyles.
According to recent data from the General Assembly of Spanish Brewers, alcohol-free beer is consolidating as one of consumers' favorite options. So much so that today, one out of every seven beers consumed in Spain is 0.0%, and sales of this variety increased by 4.6% in the last year alone, maintaining an upward trend.
This phenomenon responds to multiple factors such as greater awareness of physical and mental health, the rise of sports, and the popularization of healthy habits through social
...More info on site
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Finland: Alcohol consumption continues its downward trend
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Alcohol consumption in Finland continued its downward trend in 2025, with sales through shops, restaurants and other domestic channels falling compared with the previous
...More info on site
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Malaysia: Leading beer makers deliver mixed results in latest quarterly earnings
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Malaysia’s listed brewery companies delivered mixed results in their latest quarterly earnings, reflecting a more cautious consumer spending environment while still demonstrating resilience through operational discipline and strong brand positioning, say analysts.
They noted that Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) recorded a relatively stronger performance for the quarter, with both revenue and profit showing year-on-year growth, The Star reported on June 1.
“The improvement was largely supported by stronger Chinese New Year (CNY) sales and a longer festive selling period across Malaysia and Singapore, as well as better cost management and operating efficiencies.
“Contributions from its Sri Lankan associate, Lion Brewery, also helped support earnings growth. The company’s Malaysia operations performed particularly well, while its Singapore segment achieved improved profitability despite facing currency-related challenges,” said an analyst with a local bank-backed brokerage.
In line with the stronger results, Carlsberg Malaysia also announced a higher interim dividend.
“Nevertheless, management maintained a cautious outlook amid ongoing geopolitical uncertainties, cost pressures, softer consumer sentiment and potential supply chain disruptions,” said another analyst.
In the first three months of the year, Carlsberg Malaysia’s net profit rose to RM98.94mil from RM94.52mil in the year-ago quarter.
Earnings per share climbed to 32.36 sen from 30.91 sen previously.
Quarterly revenue jumped to RM705.95mil from
...More info on site
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Australia: Iconic Tasmanian brewer James Boag to cease production in the state by November
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Tasmanian beer manufacturer James Boag will cease production in the state by November as it looks to move onto the mainland, News.com.au reported on June 2.
In a blow for 42 local workers, James Boag’s parent company Lion Australia said it was shifting production from Launceston to mainland Australia in a bid to save on high shipping costs.
Production out of Tasmania will cease from November 2026 after 145 years of making the popular brand in the state.
Tasmanian Premier Jeremy Rockliff labelled the announcement as “extremely disappointing”.
“Our immediate priority is the wellbeing of the workforce,” Mr Rockliff said.
“We will engage closely with Lion, the union, workers and the hospitality industry to support those impacted.”
In a statement, Lion chief executive and managing director Anubha Sahasrabuddhe acknowledged it was difficult news for employees and the broader Launceston community.
“This proposal is no reflection on the incredible capability, passion and commitment of our brewery team members, and the many more who have come before them, who have worked hard to operate the brewery as efficiently as possible despite decreasing volumes,” she said.
But the company said long-term decline in the national beer market has caused the brewery to run significantly under capacity for many years – it
...More info on site
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Zimbabwe: Delta revenue poised to soar in FY2027
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Stockbroking firm IH Securities sees stronger revenue growth for Delta Corporation in the financial year (FY2027), driven by strong consumer demand and a US$120 million capital investment programme, The Herald reported on June 1.
Delta’s investment is aimed at expanding production capacity across key business units.
In its earnings review of Delta’s financial results for the year ended March 31, 2026, IH Securities said the beverage giant’s record performance in FY2026 reflected genuine operational momentum, positioning the company for another year of growth as new capacity projects begin to come on stream.
The brokerage forecasts Delta’s revenue will increase to US$1,31 billion in FY2027 following the group’s historic achievement of US$1,09 billion in revenue in FY2026, the first time Delta breached the billion-dollar threshold.
According to IH Securities, the projected growth will be underpinned largely by investments to address supply shortages in the lager beer segment, where demand has consistently exceeded available production capacity.
“The FY27 capex programme of US$120 million is a direct and necessary response to larger demand that has consistently outstripped available supply,” IH Securities said.
The investment programme will focus primarily on expanding lager beer production capacity at the Belmont and Southerton plants, with the additional output expected to start contributing during
...More info on site
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Nigeria: Champion Breweries positioned for sustained growth throughout 2026
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Champion Breweries Plc is positioned for sustained growth throughout 2026, after the beer maker recorded a 69 percent growth in turnover in the first
...More info on site
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UK: Rapid rise of alcohol-free and low-alcohol beer creating new promotional opportunities for breweries
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The rapid rise of alcohol‑free and low‑alcohol beer in the UK is creating new promotional opportunities for breweries — particularly on the road — according to leading lorry tension‑curtain manufacturer Structure‑flex, Food and Drink Technology reported on June 2.
Sales of non‑alcoholic beer hit 200 million pints in 2025, now accounting for nearly 3% of the total UK beer market, figures from the British Beer and Pub Association show. Improved brewing techniques and shifting consumer behaviour — especially among Gen Z and Gen X drinkers prioritising health — have pushed brands like Heineken 0.0 and Guinness 0.0 firmly into the mainstream.
Structure‑flex, which manufactures and prints lorry tension curtains used widely across brewery fleets, says the boom is already reshaping how brands promote their alcohol‑free ranges.
Paul Reeve, managing director at Structure‑flex, said: “As the market grows, more breweries are bringing out their own non‑alcoholic options to keep up with demand. One simple way to promote these new drinks is on the road – and we’ve already seen breweries rebranding their delivery fleets to showcase their new alcohol‑free ranges.”
Based in Norfolk, Structure‑flex has produced branded curtains for major beer brands including Heineken, Stella Artois and Hobgoblin. With 85% of UK pubs now offering
...More info on site
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Japan: Asahi to change flavor profile of its flagship Super Dry beer for the first time in four years
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Asahi Breweries Ltd. said on May 29 it will change the flavor profile of its flagship Super Dry brand for the first time in four years, aiming to capitalize on the expected increase in demand for beer following the revision of Japan’s liquor tax in October last year, The Japan News reported.
The company is refining the beer’s taste to appeal to beer enthusiasts and other consumers.
The renewed product will replace the current version, starting with batches produced in early August.
Built around the concept of delivering “the ultimate dry beer that tastes best when ice cold,” the company has adjusted the malt ratio and hop blend to enhance both its rich taste and its crisp finish.
“With the liquor tax revision, consumers will reconsider which beer truly tastes best,” said Takeshi Furusawa, head of marketing for Asahi Breweries, said at a press briefing on Friday. “When that happens, we want to offer a Super Dry that exceeds expectations.”
For 2026, Asahi Breweries is aiming to sell a total of 71.02 million cases of all beverages in the Super Dry brand portfolio, up 3% from the previous year.
Under Japan’s liquor tax, which was revised in October, taxes on beer, happoshu (low-malt beer) and so-called
...More info on site
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Kenya: High Court dismisses bid by Bia Tosha distributors to halt EABL–Diageo–Asahi transaction
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The High Court in Kenya has dismissed an application by Bia Tosha Distributors Limited seeking interim orders to stop the completion of a proposed transaction involving East African Breweries Limited (EABL), Diageo, and Asahi Group Holdings, pending the outcome of proceedings before the Court of Appeal, Capital News reported on June 2.
In its ruling, the court found that the applicant had already elected to pursue relief at the appellate level and could not return to the High Court seeking similar conservatory orders on the same matter.
The judge held that entertaining the application would undermine the judicial hierarchy and risk conflicting decisions between courts of concurrent jurisdiction.
“Having chosen to move to the Court of Appeal in an attempt to obtain relief, the petitioner cannot now return to this court seeking similar orders. Such a course would not be respectful to the hierarchy of courts and may embarrass the judicial system,” the court ruled.
The court further observed that the issues raised were already pending before the Court of Appeal, and therefore the High Court could not intervene in matters actively under consideration by a superior court.
Bia Tosha Distributors had argued that it was seeking temporary conservatory orders to preserve the status of
...More info on site
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The Netherlands & Greece: Dutch Supreme Court rejects Heineken’s jurisdiction appeal in long-running Macedonian Thrace Brewery litigation
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The Dutch Supreme Court last week rejected an appeal on jurisdiction by Heineken and its Greek subsidiary Athenian Brewery in a long-running damages claim brought by Macedonian Thrace Brewery ("MTB"), producer of the popular Greek beer Vergina, Yahoo! Finance reported on June 2.
The case stems from a 2015 decision of the Hellenic Competition Commission ("HCC") which found that Athenian Brewery had abused its dominant position in the Greek beer market for at least 16 years in order to exclude competitors, including MTB.
Heineken and Athenian Brewery have repeatedly challenged the jurisdiction of the Dutch courts, arguing that claims against Athenian Brewery should not be heard in the Netherlands. Last week’s ruling confirmed that the Dutch courts were correct to accept jurisdiction over claims against Heineken’s Greek subsidiary arising from its anti-competitive conduct in Greece, fully in line with MTB’s position from the outset. The decision follows a referral and preliminary ruling by the European Court of Justice ("ECJ") in February 2025.
The Supreme Court ruling clears the way in the main proceedings for the Amsterdam District Court to issue its final decision on damages which is expected this summer.
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Barley News
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Australia: Initial winter crop forecast 21% below 2025-26 total
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ABARES has released its initial estimates for Australia’s winter crop now being planted, with the overall production figure at 54.5 million tonnes (Mt) being
...More info on site
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UK: Barley markets under pressure despite better crops
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Favourable weather conditions across much of the UK and Europe have continued to weigh on barley markets, with improved crop prospects adding further pressure
...More info on site
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UK: Scottish barley production threatened by declining whisky demand
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Scottish barley growers are facing mounting challenges as global demand for whisky, the sector’s main end market, continues to weaken. Spring barley accounts for around half of Scotland’s agricultural crop area, with more than 50% of production used for malting barley destined for the country’s renowned whisky industry, UkrAgroConsult reported on June 2.
According to Adam Christie, Managing Director of Scottish Agronomy, the sector is experiencing one of its most difficult periods in decades. After years of expansion driven by rising whisky production and strong demand, the industry is now grappling with falling malt prices and shrinking profitability across the supply chain.
The slowdown has been fueled by higher living costs, weaker consumer spending, trade-related barriers in key markets, and changing alcohol consumption habits among younger generations. As a result, whisky inventories have accumulated in warehouses, while market activity remains subdued.
In response, many farmers are reassessing their crop rotations. The area planted with spring barley in Scotland has declined by about 15% compared to last year, with some growers shifting to alternative crops such as spring oats. The industry is also concerned about its heavy reliance on a single malting barley variety, LAUREATE, which currently accounts for around 75% of Scotland’s malting
...More info on site
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Hops News
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The Czech Republic: Saaz hops under threat from global warming
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Saaz hops, which give Czech beer it distinctive flavour, are being threatened by global warming. The Drinks Business (db) looks into how this may affect brewers in all countries reliant upon this noble variety for their lagers.
Following an increase in temperatures and a decrease in rainfall in Czechia, the prosperity of the Saaz hop is facing an uncertain future.
Back in 2023, Žatec and the Landscape of the Saaz Hops was added to the World Heritage list by The United Nations Educational, Scientific and Cultural Organisation (UNESCO). Saaz hops, often referred to as a ‘noble’ variety, are in fact named after the Czech town of Žatec and are used extensively in Bohemia to flavour beers such as lager, and more specifically in the region, Czech Pilsner.
The challenges, however, remain. In a study from the Czech Academy of Sciences, researchers had already warned that, unless swift adaptations are developed, European hops will be increasingly difficult to grow due to climate change affecting yields and alpha acid content. db also reported at the time that Europe will experience a drop of 4-18% in traditional aroma hops yields by 2050, plus a 20-31% fall in alpha acids.
The reduction to the amount of water available
...More info on site
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Whisky News
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UK & India: India may reconsider easing Scotch whisky tariffs if UK imposes steel curbs
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India could reconsider tariff concessions offered to Britain on products such as Scotch whisky if London fails to address New Delhi’s concerns over forthcoming steel measures, an Indian official said on Monday ahead of fresh bilateral trade talks, Reuters reported on June 1.
The India-UK free trade deal, signed in May last year and expected to take effect this year, has run into hurdles after Britain proposed reducing quotas and increasing tariffs on steel imports to protect its domestic industry.
“So now the ball is in their (UK) court,” an Indian trade official told reporters on Monday. “If they do not leverage their free trade agreement, we can always reconsider the concessions we offered.”
Britain’s Trade Secretary Peter Kyle is due in India for talks with Commerce Minister Piyush Goyal on Tuesday and, in a statement, Kyle said the free trade agreement was a win-win and would “unlock massive opportunities.”
“I look forward to working with Piyush Goyal to make sure everybody can start to feel the benefits as soon as possible,” Kyle said in the statement, which didn’t mention discussions on steel.
A UK official said that steel is not part of the discussions on implementing the free trade agreement.
Under the trade pact, India
...More info on site
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