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Newsletter Summary

Currency rates
Equities of largest breweries
Brewery news
Malt news
Barley news
More news
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
Agenda
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Average market prices Change trend

Friday, 29 April 2005
Crop 2004
2rs Barley €101.5 -0.49%
6rw Barley €99.0       
2rs Malt €232.5 -0.43%
6rw Malt €228.5 -0.22%
Crop 2005
2rs Barley €115.5     
6rw Barley €105.0     
2rs Malt €245.5 -0.41%
6rw Malt €231.5 -0.43%

Note: Just click on the price link and you will be led to our Market Price History.
Average barley market prices are French and are estimated on FOB Creil basis.
Average malt market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.


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Market price evolutions

The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions

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Canada Average Barley Prices 1983-2005

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Canadian Malting Barley Prices vs. Danish 2Row

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Australia Malting Barley Export Prices 2000-2005

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Malt Market Price Evolution. Crop 2005

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French Malting Barley Price Evolution. Crop 2005

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Malt Market Price Evolution. Crop 2004

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French Malting Barley Price Evolution. Crop 2004

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Malt Market Price Evolution. Crop 2003

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French Malting Barley Price Evolution. Crop 2003


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Ukraine Beer Production 1993-2004

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Australia barley production and malting barley exports 1997-2004

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Canada Beer Sales, 1992-2004

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Shouth America imports of malt 2001-2005f

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China beer production 1991-2004



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Canada's per capita consumption of beer


E-malt.com Tables

We have the pleasure to let you know that all e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statisctis section.
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EU Malting Barley Production & Demand 2005-2006

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EU malt export licence fixations

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Japan Barley, 1996-2005

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Number of German Breweries, 1997-2004

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Baltic Beer Market, 2004



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Currency Rates
Base Currency: Euro, EUR
on 29-April-2005

1 EUR = 1.2897 USD
1 EUR = 0.6766 GBP
1 EUR = 1.6146 CAD
1 EUR = 1.6562 AUD
1 EUR = 136.77 JPY
1 EUR = 3.2629 BRL
1 EUR = 35.864 RUB
1 EUR = 10.6871 CNY
Base Currency: US Dollar
on 29-April-2005

1 USD = 0.7756 EUR
1 USD = 0.5245 GBP
1 USD = 1.2519 CAD
1 USD = 1.2842 AUD
1 USD = 106.05 JPY
1 USD = 2.5300 BRL
1 USD = 27.808 RUB
1 USD = 8.2865 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
    USA: Anheuser-Busch Cos. reported First Quarter 2005 Financial Results ... Click here

    Colombia: Grupo Empresarial Bavaria (GEB) Announces First Quarter 2005 Earnings ... Click here

    China: Tsingtao Brewery net profit increased by about 8% in Q1 2005 ... Click here

    Russia: Heineken N/V could acquire Russia’s mid-sized brewery Patra ... Click here

    Poland: Bryggerigruppen complets the acquisition of Browary Polskie Brok-Strzelec ... Click here

    Latin America: Quilmes Industrial (Quinsa) registered 7.1% beer volumes increase in Q1 2005 ... Click here

    Australia: Australia: 2004/2005 malt exports from Australia are forecast at 538.5 thousand tonnes ... Click here

    World: A smaller, but above-average, global barley crop for 2005/06 is forecast ... Click here

    Canada: CWB released its pool return outlook for barley ... Click here


More News
    Australia: Coopers Brewery to open an Alehouse at new airport terminal ...more info

    Chile: CCU reports consolidated Q1 2005 results: beer volumes in Chile increased by 12% ...more info

    USA: Heineken USA appointed new Chief Executive Officer ...more info

    Canada: The Canadian brewing industry needs more, high-quality Canadian malt barley ...more info

    United Kingdom: Wolverhampton & Dudley Breweries insists Jennings brewery is 'secure' ...more info

    Romania: Krombacher beer brand enters Romanian market ...more info

    United Kingdom: Greene King plc announced the acquisition of its shares ...more info

    Canada: Vice Chairman of Molson Coors Brewing Company Daniel J. O'Neill leaves ...more info

    Austria: An Austrian court has ruled in Anheuser-Busch's favour ...more info

    USA: Anheuser-Busch Companies, Inc. declared a regular quarterly dividend ...more info

    United Kingdom: CAMRA seeks to block takeover of Jennings Brewery ...more info

    Mexico: FEMSA reported Q1 2005 results: domestic beer sales volume increased 4.0% ...more info

    Russia: BBH is consolidating its Russian brewing assets ...more info

    Ukraine: Slavutich has launched the production of licenced beer Tuborg Green in Ukraine ...more info

    United Kingdom: Scottish & Newcastle’s trading has been in line with expectations ...more info

    Canada: Sleeman Breweries Ltd. has launched Sleeman Original Draught ...more info

    USA & Italy: The Gambrinus Company brings Italian beer Tappeto Volante to USA ...more info

    USA: Molson Coors Brewing Company recorded higher consolidated net sales in Q1 2005 ...more info

    Ukraine: Malt Imports increased considerably in March 2005 ...more info

    Argentina: CCU is to invest USD 12 million in its plant in Santa Fe ...more info

    Poland: 2005 is forecast to be more dynamic with beer sales growing by 3% ...more info

    Canada: The Brewers Association of Canada is electing a new Chair of the Board of Directors ...more info


Brewery News
USA: Anheuser-Busch Cos. reported First Quarter 2005 Financial Results

Anheuser-Busch Cos., Inc. reported first quarter sales and earnings results on April 27 at its annual meeting of shareholders held in Williamsburg, Va. Consolidated net sales increased 2.5 % in the first quarter and reported earnings per share decreased 3.0 percent. Excluding one-time gains in both 2005 and 2004, first quarter earnings per share decreased 4.5 %.

"Anheuser-Busch had a challenging first quarter in its domestic beer business," said Patrick Stokes, president and chief executive officer of the company. "The domestic beer industry and Anheuser-Busch experienced volume declines and higher commodity cost pressures. The company has a number of initiatives in place to enhance beer volume growth, including introduction of new products, led by Budweiser Select, increased investments in domestic marketing, stepped up on premise sales initiatives, new packaging and tactical price promotions. We are confident the company will successfully restore its volume and market share growth momentum, and we are forecasting earnings per share growth in the low single digit percent range for 2005, excluding the one-time gains."

Domestic beer sales-to-wholesalers decreased 2.7 % for the first quarter 2005 vs. the first quarter 2004, to 24.4 million barrels. Wholesaler inventories at the end of the first quarter were about one-and-one-half days higher than at the end of the first quarter last year, representing a reduction of approximately one day versus the two-and-one-half day differential at the end of 2004. Wholesaler sales-to-retailers were down 1.0 percent in the first quarter vs. 2004 on a comparable selling day basis due to generally weak industry volume conditions and the comparison with the strong performance of Michelob ULTRA last year. Bud family sales-to-retailers increased in the first quarter 2005, driven by solid Bud Light growth and the national introduction in late February of Budweiser Select ...more info



Colombia: Grupo Empresarial Bavaria (GEB) Announces First Quarter 2005 Earnings

Grupo Empresarial Bavaria, GEB, the largest beverage company in Colombia and the second-largest brewer in South America, announced on April 29 increases in sales volumes, net sales...more info



China: Tsingtao Brewery net profit increased by about 8% in Q1 2005

Tsingtao Brewery Co Ltd, China's leading brewery in terms of revenue, announced on April 28 its first-quarter net profit increased by 7.99 % to 68.92 million yuan (US$8.3 million) versus 63.81 million yuan the previous year, based on Chinese accounting standards. Earnings per share stood at 0.065 yuan, up 7.97 pct year-on-year. Total revenue rose 12.82 pct year-on-year to 2.03 bln yuan, against 1.8 bln yuan a year earlier.

Tsingtao, in which Anheuser-Busch has a 27 % stake, controls about 13 % of China beer market. The brewer produced and sold 755 million litres of beer in the first three months of the year, up 4.86 % year on year.

Tsingtao gave no financial outlook for the full year. Its total assets were valued at 10.39 bln yuan at the end of March, up 5.18 % compared to 9.88 bln yuan at the end of 2004.

The company said it would continue to adjust its product mix and improve quality to fight growing competition in China, the world's biggest beer market by volume.

China's beer industry is growing by roughly 7 to 10 % a year and has attracted a flood of overseas investment over the past few years.

U.S. giant Anheuser-Busch raised its stake in Tsingtao to 27 % from 9 % by exercising convertible bonds worth US$145.56 million earlier this month. Last year, it bought number-four China beer maker Harbin Brewery for US$720 million after a takeover battle with arch-rival SABMiller .

Tsingtao's Hong Kong shares ended down 0.6 percent at HK$8.35 and were down about 2 percent in the past three months.



Russia: Heineken N/V could acquire Russia’s mid-sized brewery Patra

Dutch beer giant, Heineken N/V is in talks with Alfa-Eco Group to acquire Russian brewery OAO Patra, business media Kommersant reported on April 29...more info



Poland: Bryggerigruppen completes the acquisition of assets and activities from Browary Polskie Brok-Strzelec

The Danish Brewery Group (Bryggerigruppen) A/S announced on April 27 it has completed the acquisition of assets and activities from Browary Polskie Brok-Strzelec S.A.

On April 4 2005 The Danish Brewery Group announced its acquisition of assets and activities from the Polish brewery business Browary Polskie Brok-Strzelec S.A. was subject to, among other things, approval from the Polish competition authorities. The required approvals have now been obtained and the transaction has been completed.

The Danish Brewery Group’s CEO, Poul, Moller said: “The acquisition of assets and activities related to Brok-Strzelec and the establishment of regional brand positions in Poland are elements of the realisation of MACH II, the new strategic platform of The Danish Brewery Group. In connection with the acquisition, The Danish Brewery Group also acquired 48% of the share capital of Perla-Browary Lubelskie S.A., a regional beer brand that is strong in the Lublin area.” The deal with Perla-Browary Lubelskie values DKK106 million.

Bryggerigruppen agreed to pay DKK217 million (US37.6 million) for the brewery-related assets and activities of Polskie Brok-Strzelec.



Latin America: Quilmes Industrial (Quinsa) registered 7.1% beer volumes increase in Q1 2005

Quilmes Industrial (Quinsa) S.A. announced on April 26 its overall beer volumes for the first quarter 2005 increased by 7.1% to 4.76 million hl compared to 4.45 million hl in Q1 2004...more info

Malt News

Australia: 2004/2005 malt exports from Australia are forecast at 538.5 thousand tonnes

2004/2005 Malt exports from Australia, the world’s second largest malt exporter after EU, are forecast by IGC at 538.5 thousand tonnes...more info

Barley News

World: A smaller, but above-average, global barley crop for 2005/06 is forecast

The International Grain Council (IGC) forecast a smaller, but above-average, global barley crop for 2005/06...more info



Canada: CWB released its pool return outlook for barley

The Canadian Wheat Board (CWB) released on April 28 its Pool Return Outlook (PRO) for Feed Barley Pool B for the 2004-05 crop year. The Feed Barley Pool B PRO is C$6 per tonne higher compared to the March PRO.

Limited old crop exportable supplies from Australia and the U.S. have caused prices in the Pacific Northwest to remain firm. Weaker ocean freight rates are also supportive but new crop price pressure from Europe and the Black Sea is expected shortly.

The CWB released on April 28 its monthly Pool Return Outlook (PRO) for the 2005-06 crop year. The PRO for the 2005-06 feed barley Pool A is up C$4 per tonne while malting barley PROs are unchanged.

Expectations for Pacific Northwest feed barley prices have improved this month as the U.S. is expected to seed one of its smallest barley crops since 1926, reducing their presence in export markets.

EU new crop malting barley prices have eased due to sufficient old crop supplies and good growing conditions. Expectations for the smaller U.S. seeded area will increase malting barley production risk and import potential. Dryness in Australia is already causing some concerns but it is premature to draw conclusions.

Theoretical malt prices.


* - 70/30 = 70% Average Two Row Spring and 30% Six Row Winter
** - 50/50 = 50% Average Two Row Spring and 50% Six Row Winter

Theoretical malt prices for crop 2005 are available on site www.e-malt.com/MarketPrices

Malting barley prices. French barley prices.
Nominal prices.

nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Barley Price Evolution
French Malting Barley Price Evolution Crop 2004

Table of the week
Russia Beer Market, 2004

  2003  2004
 Market size, in million hl  74  82.24 
 Market growth, %  +6.5 %  +11.1 % 
 Per capita consumption, litres 51  57 

Company 

Market share, % 

2002  2003  2004
 BBH   32.6 %  33.0 %  34.2 % 
 SUN Interbrew 11.5 %  14.1 %  15.4 % 
 Krasny Vostok 7.1 %  7.4 %  6.9 % 
 Ochakovo 8.2 %  7.2 %  6.4 % 
 Efes  3.0 %  3.7 %  6.1 % 
 Heineken 4.0 %  4.5 %  5.5 % 
 Stepan Razin 2.6 %  2.1 %  1.7 % 
 SAB    2.0 %   
 Other 31 %  26 %  23.8 % 

Graph of the week

Agenda

April 2005:
Helsinki Beer Festival;
Tour de Geuze 2005. Payottenland, Belgium;
FAB 2005 - BC Food & Beverage Conference. Vancouver, BC;
Grains Week 2005. Queensland, Australia;
Concise Course in Brewing Technology;
World Barley, Malt & Beer Conference 2005;
JOINT LEGISLATIVE CONFERENCE. Washington, D.C., USA;
BEER. Exhibition Pavilion Minsk.;
Craft Brewers Conference & BrewExpo America;
Classic City Brewfest, Athens, GA;
SOUTH-UKRAINIAN DAYS OF FOOD AND DRINKS;
SIBFOODEXPO, Siberian Beer. Novosibirsk;
SAMARA DRINKS. SAMARA, RUSSIA;
WINES, BEERS AND DRINKS Exhibition for the Beverage Industry. Krasnoyarsk, Russia;
Malting Course BRi Nutfield United Kingdom;
INTERPAK 2005 Duessledorf, Germany;
Excursion to West-Flanders;

May 2005:
2nd KBC festival of Dutch special beers;
TwinTrack Brewing Microbiology Program. The Siebel Institute;
HOFEX 2005. 11th Asian International Exhibition of Food & Drink. Hong Kong;
30th Congress of the European Brewery Convention;
Pivo-2005. Beer International Brewing Technology Exhibition. Sochi, Russia.;
Export Credit Guarantee Programs Seminar. USDA;
California Festival of Beers;

June 2005:
World Barley, Malt & Beer Conference 2005, Germany;
ASBC Annual Convention. American Society of Brewing Chemists Meeting.;
IGC GRAINS CONFERENCE 2005;
BRASIL BRAU International Fair of Beverage Technology;
FOOD TAIPEI 2005. The largest food and beverage show in Taiwan;
BevTek / BrewTek International Exhibition of Beverage and Brewery Processing and Packaging Technology. Bangkok, Thailand ;

More events are available on site e-malt.com

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