Shortage of European malt predicted in the global food market

Published 2021년 3월 14일

Tridge summary

The European Union is predicted to face a malt shortage due to anticipated problems with barley harvest in 27 member countries, with the harvest expected to decrease and malt imports likely to drop significantly. This situation is worsened by the export duty on Russian grain, previously a key supply for brewing in the EU. Meanwhile, Russian business profits have seen a 23.5% decrease in 2020, with some regions experiencing substantial profit growth. Despite these challenges, the Rostov region stood out for its profitable business conditions, particularly in agriculture, contributing to the export of food, agricultural products, and raw materials. However, the majority of Russian regions have seen a decline in business confidence due to various losses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the global food market, a shortage of malt from the European Union is predicted, Profibeer reports. The main reason is the expected problems with the harvest of barley, a valuable raw material for its preparation. The European Commission predicts that in 27 countries of the bloc the harvest of this crop will decrease from 55 to 54.7 million tons, imports - from 1.9 to one million, and exports will remain at the same level. The problem is exacerbated by the export duty on Russian grain. Profibeer recalls that for the past several seasons in a row, our country was one of the key suppliers of grain to the EU for brewing. Read also Brewers will not be allowed to indicate some of the components on the label The second factor is a sharp increase in the export of malt. According to the agency, supplies of an important component for beer over the reporting period (from July last year to February this year) increased by 6.2 percent to almost 1.99 million tons. Most of it was exported to ...
Source: Rosng

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