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E-Malt.com Flash 25b
June 18 - June 21, 2026
Quote of the Week
It does not take much strength to do things, but it requires great strength to decide on what to do.
Elbert Hubbard
Currency Rates
Base Currency: Euro
on June 19, 2026 |
Base Currency: US Dollar
on June 19, 2026 |
| |
1 EUR = 1.1484 USD
1 EUR = 0.8665 GBP
1 EUR = 1.6215 CAD
1 EUR = 1.6353 AUD
1 EUR = 184.8470 JPY
1 EUR = 5.9045 BRL
1 EUR = 84.0964 RUB
1 EUR = 7.7644 CNY
|
|
1 USD = 0.8706 EUR
1 USD = 0.7545 GBP
1 USD = 1.4120 CAD
1 USD = 1.4239 AUD
1 USD = 160.9500 JPY
1 USD = 5.1414 BRL
1 USD = 5.1414 RUB
1 USD = 6.7609 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| June 19, 2026 |
French Barley/Malt
Crop 2026
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
217.00-219.00 |  |
| 6RW Malting Barley (FOB Creil) |
199.00-201.00 |  0.99% |
Feed Barley (FOB Creil) |
189.00-191.00 | |
| 2RS Malt (FOB Antwerp) |
556.00-558.00 | |
| 6RW Malt (FOB Antwerp) |
533.50-535.50 | 0.46% |
French Barley/Malt
Crop 2027
Bulk |
EUR/T |
% |
| 2RS Malting Barley (FOB Creil) |
233.00-235.00 | |
| 6RW Malting Barley (FOB Creil) |
215.00-217.00 | |
Feed Barley (FOB Creil) |
202.00-204.00 | |
| 2RS Malt (FOB Antwerp) |
575.50-577.50 | |
| 6RW Malt (FOB Antwerp) |
553.50-555.50 | |
German Malting Barley
Crop 2025
Bulk
Ex Farm |
EUR/T |
% |
| Average Malting Barley Price |
165.50-167.50 | 0.14% |
 No change;
 Price increase;
 Price decrease versus last publication.
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Click here to see our Market Prices History.
USA: UBS cuts Constellation Brands stock price target on weaker beer trends
...Click here
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World: Global barley crop forecast reduced by 0.7 mln tonnes on smaller production in the EU
...Click here
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EU & UK: Barley crop forecast down in spite of timely rainfall
...Click here
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India: Growth in imported whisky slows for second consecutive year
...Click here
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UK: Most Britons who drink alcohol-free beer still drink alcohol, study finds
...Click here
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UK: Winter malting barley Buccaneer continuing to impress growers and maltsters
...Click here
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UK: AB InBev debuting a flavoured extension of its Stella Artois brand
...Click here
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Graph of the week
Table of the week
Czech Hops Area 2026 Estimate
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
18 June
1840 - Samuel Morse patents his telegraph
1943 - Congress of Racial Equality (CORE) founded
1948 - .N. Commission on Human Rights adopts International Declaration of Human Rights
2009 - The Lunar Reconnaissance Orbiter (LRO), a NASA robotic spacecraft is launched
19 June
1464 - French King Louis XI forms postal service
1764 - John Barrow is born, founder of Royal Geographical Society
1963 - 1st woman in space returns to Earth
20 June
1793 - Eli Whitney patents his cotton gin
1863 - 1st bank chartered in U.S., National Bank of Davenport, Iowa
1867 - President Andrew Johnson announces purchase of Alaska
2003 - The Wikimedia Foundation is founded in St. Petersburg, Florida
21 June
1948 - One of the world's earliest modern computers, the Small-Scale Experimental Machine runs its first program successfully, proving that it can store data and user programs and process them at electronic speed
1990 - After decades of closure, the Budapest Stock Exchange reopens for trading
Agenda
June 2026:
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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USA: UBS cuts Constellation Brands stock price target on weaker beer trends
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UBS lowered its price target on Constellation Brands to $175 from $186 while maintaining a Buy rating on June 16, Investing.com reported.
The firm adjusted its assumptions for the first quarter and fiscal year 2027 to reflect weaker beer consumption trends. UBS set its first-quarter earnings per share estimate at $3.12, below the Visible Alpha consensus of $3.24. The downward revision aligns with broader analyst sentiment, as InvestingPro data shows 5 analysts have revised their earnings downwards for the upcoming period.
Constellation Brands is scheduled to report first-quarter earnings on June 30 after the market close. The company reported solid fourth-quarter results and outlined initial fiscal 2027 guidance that many viewed as conservative.
Shares have declined 11.4% since the fourth-quarter report compared with a 3.6% gain for the XLP consumer staples index. The stock currently trades at $142.01, yet InvestingPro analysis suggests Constellation remains undervalued relative to its Fair Value. For investors seeking deeper insights, InvestingPro offers 4 additional exclusive tips, plus comprehensive Pro Research Reports covering this and 1,400+ other US equities. Demand trends have deteriorated considerably over the past two months.
UBS said it does not expect first-quarter results to be a meaningful catalyst but continues to view the guidance as achievable.
...More info on site
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UK: Most Britons who drink alcohol-free beer still drink alcohol, study finds
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Most people in Britain who drink alcohol-free beer also drink alcohol, according to new research that points to a shift in how consumers use no- and low-alcohol products on a night out, Vinetur reported on June 19.
The study, conducted by KAM Insight with Athletic, found that 94% of alcohol-free beer drinkers also consume alcohol. It also found that only 27% of social drinkers now stick exclusively to alcoholic beer when they go out.
The data suggests that moderation is increasingly taking the form of alternating between alcoholic and non-alcoholic drinks rather than giving up alcohol altogether. That pattern, often called “zebra striping,” is already showing up clearly in the British pub trade. KAM Insight and Athletic said 48% of Britons are already alternating between alcohol-free and alcoholic drinks when they visit the pub.
The findings also point to broader acceptance of alcohol-free beer in mainstream drinking occasions. According to the research, 56% of Britons believe alcohol-free beer is becoming mainstream in the United Kingdom. The same share, 56%, said they are already drinking alcohol-free beer in pubs and bars.
Perceptions of quality also appear to be changing. The study found that 60% of respondents now see alcohol-free beer as being as premium as
...More info on site
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UK: AB InBev debuting a flavoured extension of its Stella Artois brand
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AB InBev is debuting a flavoured extension of its Stella Artois brand and a lemon Bud Light lager, both for the UK market, Global Drinks Intel reported on June 17.
Stella Artois Strawberries & Cream has been released against the backdrop of the brewer’s sponsorship of tennis championships Wimbledon – of which the brand is the ‘official beer partner’. The limited-edition, “blush pink” SKU has an ABV of 3.4% and will be sold in retail multiples Sainsbury’s and The Co-operative “nationwide”, as well as at on-site Wimbledon bars and “select” nearby pubs until the end of the championships on 12 July.
Stella Artois Strawberries & Cream comes in four-packs of 44cl cans with an SRP of GBP6 (US$8.05).
The off-premise sales director at Budweiser Brewing Group UK & Ireland, Mark Wingfield Digby, said: “As the official beer of Wimbledon, we’re always looking for new ways to elevate the consumers’ experience, even if they are taking part from home.
“There’s nothing more synonymous with Wimbledon than strawberries and cream, and Stella Artois Strawberries & Cream brings that much-loved tradition to life, giving shoppers something completely new to discover.”
For Bud Light, meanwhile, a lemon-flavoured SKU called Bud Light Lemon Squeeze will be hitting UK shelves this
...More info on site
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Barley News
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World: Global barley crop forecast reduced by 0.7 mln tonnes on smaller production in the EU
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RMI Analytics’ global barley production forecast for crop’26 is reduced in the analysts’ June report by -0.7 mln tonnes, to an expected result
...More info on site
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EU & UK: Barley crop forecast down in spite of timely rainfall
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Timely rainfall in Europe has boosted crop prospects, but note France and Spain received lighter amounts of moisture, RMI Analytics said in their latest
...More info on site
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UK: Winter malting barley Buccaneer continuing to impress growers and maltsters
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Winter malting barley variety Buccaneer is continuing to impress growers and maltsters since joining the AHDB Recommended List (RL) in 2023, Farmers Weekly reported on June 19.
According to David Griggs, technical director at Crisp Malt, the variety came along at the right time with the right attributes, following years of a noticeable lack of new winter malting barley varieties on the RL.
“Offering a big uplift in yield, particularly untreated, Buccaneer gained industry support following its malting barley committee [MBC] approval for brewing. It continues to attract dedicated winter malting barley growers who have moved away from older varieties,” says David.
“Maltsters like it, the brewing industry likes it, and, with a 5% yield advantage over Craft, I can only see more growers moving towards it as long as it continues to perform,” he concludes.
Norfolk farmer Andrew Ross has included winter malting barley in his rotation for over 40 years.
Andrew introduced Buccaneer for the first time in the 2024-25 season, replacing Flagon. He is now in his second season with the variety, and sees winter malting barley as a highly commercial second cereal crop and an excellent entry for oilseed rape.
Farming at Houghton St Giles, near Walsingham, Andrew is part of
...More info on site
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 Hops News
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USA: Hop area remains almost unchanged in the US
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The hop cultivation area of the Pacific Northwest of the USA (Washington, Idaho and Oregon) remains almost unchanged at 16,853 hectares compared to 16,857
...More info on site
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Germany: Hops area down by 5.8% in 2026
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Germany’s hops area is down by 1,101 ha (-5.8%) to a total of 17,861 ha this year, BarthHaas Group reported on June 17.
As
...More info on site
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Whisky News
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India: Growth in imported whisky slows for second consecutive year
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India's post-pandemic whisky splurge is showing signs of sobriety, The Economic Times reported on June 19.
Growth in imported whisky sales slowed for a second consecutive year in 2025 across Scotch, Irish, Japanese and American categories, reflecting a broader moderation in discretionary spending after the premium spirits boom that followed the pandemic, according to data from alcohol market researcher IWSR.
Scotch, the largest imported whisky segment, for example, grew 5% in 2025, down from 6% a year earlier and well below its 17.4% compound annual growth rate (CAGR) between 2020 and 2025.
The deceleration was sharper in Irish whiskey, with growth slowing to 21% in 2025 from a segment-leading 58% surge in 2024.
"The moderation in growth rates is best seen as a normalisation following the exceptional post-pandemic period, when premium spirits categories experienced rapid expansion," said Amitabh Pande, chief strategy officer, India, at Diageo.
"We are now returning to more sustainable, long-term growth rates across categories," he added.
While parts of middle-class India have been facing pressure on discretionary spending over the past few years, Pande stressed the underlying premiumisation trend remains intact. "Consumer interest in premium spirits continues to be strong," he said.
Diageo, the country's largest distiller, sells Scotch such as Johnnie Walker and
...More info on site
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World: New Diageo boss sets cost-reduction targets
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Johnnie Walker maker Diageo's new boss, Dave Lewis, has asked executives to cut headcount and other costs as he begins restructuring the struggling spirits group, the Financial Times reported on June 17.
Lewis, nicknamed "Drastic Dave" for aggressive cost cuts at Tesco and Unilever, has set cost-reduction targets for members of Diageo's executive committee rather than specifying number of roles to eliminate, the report said, citing people familiar with the matter.
An internal announcement on the scale of the job losses is expected next week, the report added.
In an emailed response to Reuters, Diageo said that in February it had shared its intention to redesign its operating model to improve competitiveness and deliver sustainable returns. It added it would update investors on progress at a Capital Markets Day on August 6.
Lewis said last month the company had begun tackling weak sales in North America, its largest market, which he called its "biggest challenge", with steps including price cuts on some tequila brands such as Casamigos.
He also said Diageo had undertaken "fundamental" work to address competitiveness around the world.
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