World: Analysts about malt demand of international breweries

Large scale business, which started in October, continued in November, analysts report. In Venezuela, two large breweries, had finished their purchases in October, so did Ambev for their breweries in seven countries of Latin America.

In November the other Brazilian brewers followed covering approx. 250.000 tonnes inside Mercosur and from the EU. The price range was: EU 6row winter € 210,-/215,- and 2row spring € 225,-/230,- FOB EU ports.

Thailand confirmed purchases of 100.000 tonnes EU and 15.000 tonnes of Australian malt. EU prices were € 245,-/ 255,- CIF in bulk in container for 2rs and 2rw barley malt.

Korea had already bought 30.000 tonnes of Australian and Canadian malt in October. The No. 1 brewer followed in November, covering 90.000 tonnes of Australian malt at reported prices between US $ 300,- and 310,- CIF.

In Central America both Panama and Costa Rica purchased malt, Panama reportedly about 10.000 tonnes EU 2row spring barley malt at US $ 270,- FOB in bulk in container, Costa Rica Canadian malt at about US $ 310,- CIF.