Canadian maltster to lower production
Prairie Malt Limited, a Canadian producer of malt for beer brewers, said on Thursday that it will reduce production (more…)
USA: Cargill reports earnings drop 7% in Q4 2011
Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)
Ceres buys Anheuser-Busch InBev grain storage and malting facility
Ceres Global Ag Corp’s subsidiary, Riverland Ag Corp, has acquired the Manitowoc grain storage and malting facility from Anheuser?Busch InBev of Leuven, Belgium, effective July 29, 2011. (more…)
Grain values drop in latest CWB PRO for 2011-12
The CWB on Thursday released its latest Pool Return Outlook (PRO) for the 2011-12 crop year. (more…)
US. Trouble brewing for beer as hops, barley prices increase
Beer lovers could be tapped to dig deeper into their wallets at the store this fall as production costs increase and breweries struggle to stay afloat. (more…)
GlobalMalt announces change in shareholder structure
Tivoli Malz GmbH and GermanMalt GmbH & Co KG, both owners of each 50% of GlobalMalt, announced today, that Tivoli is acquiring all shares of the company from GermanMalt. (more…)
GermanMalt becomes part of GrainCorp Malt
Subject to approval by merger control GermanMalt GmbH & Co. KG, Osthofen, will become part of the international GrainCorp Group. The shareholders of Schill-Malz GmbH & Co. KG, Osthofen, and C. Thywissen GmbH, Neuss, have agreed last Friday to sell their shares including their participation in Rhein-Ruhr-Malz GmbH & Co. KG and Th?ringer Malz GmbH. (more…)
Finland. Raisio sells its malt business to Viking Malt
Raisio plc has sold its malt business to Viking Malt Ltd, the largest malt manufacturer in the Nordic Countries. (more…)
Sabine Sagaert joins Cargill as general manager of malt operations in Europe
Cargill on Thursday announced that Sabine Sagaert has joined Cargill Malt as the general manager of malt operations in Europe. Sagaert succeeds Alain Dufait, who has taken a position with Cargill’s Starches and Sweeteners business in Europe. (more…)
Russia. Barley and malt
Malt: still at the bottom Records of Federal Service of State Statistics show that in 2010 malt production decreased by 4% and comprised 1 011 thousand tons. Despite the decrease, this trend could be considered positive for malt manufacturers, as it denotes stabilization after a prolonged setback in production which was persisting since 2007. Taking into consideration poor harvest which resulted in malting barley deficiency and, at the same time, a perceptible increase in tradable malt output in autumn 2010, it is possible to suggest that there developed a balance between supply and demand. In 2010 beer production decreased to the extent, comparable with malt output, by 5%, but its slight growth is expected in 2011. At the time of writing, beer production was already showing signs of recovery, although the dynamics of the first quarter does not yet indicate any trends. The fact is that from September to December 2009 brewing enterprises required additional volume of malt, and at the beginning of 2010, due to the drop in production and negative expectations, large volume of malt was not necessary any more. It is obvious that this slight movement was connected with the fact that distributors stocked up on additional beer…