The malt market will remain tight in the next years. “EU maltsters are fully and some even oversold for delivery in 2023,” says Holger M. Gauger in his newest market report.
While the large international brewing groups are well covered with fixed price contracts and long term agreements (LTAs), there seems to be a gap of malt cover of large and medium sized brewers in the EU, particularly in Germany. This will put extra pressure on the market for the months to come.
“The start into the crop year 2023 for malt deliveries in 2024 is slow as industries shy away from firm commitments for deferred positions,” says Gauger. As the construction of new malting capacities continues slowly but worldwide demand for beer is expected to grow as in the years before the pandemic, capacity shorts will continue for some years.
Internal remark:
After 37 years, Holger M. Gauger is retiring this month and has today released his final monthly Gauger Report. Inside.beer wishes him all the best for his retirement and thanks for the years of trusting cooperation.
