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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Barley news
More news
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices Change trend
25 Aug - 26 Aug 2005
Crop 2005
2rs Barley €119.0-120.0    0.8% 
6rw Barley €106.0-108.0    0.9% 

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.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.

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Newsletter 34a, 2005
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Newsletter 33b, 2005
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Newsletter 33a, 2005
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Newsletter 32b, 2005
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Newsletter 32a, 2005

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E-malt.com Newsletter 34b
August 25 - August 26, 2005
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Currency Rates
Base Currency: Euro, EUR
on 26-August-2005

1 EUR = 1.2303 USD
1 EUR = 0.6824 GBP
1 EUR = 1.4677 CAD
1 EUR = 1.6207 AUD
1 EUR = 135.4 JPY
1 EUR = 2.951 BRL
1 EUR = 35.0328 RUB
1 EUR = 9.9249 CNY
 Base Currency: US Dollar
on 26-August-2005

1 USD = 0.8176 EUR
1 USD = 0.5547 GBP
1 USD = 1.1930 CAD
1 USD = 1.3173 AUD
1 USD = 110.09 JPY
1 USD = 2.3986 BRL
1 USD = 28.475 RUB
1 USD = 8.1112 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Malaysia: Carlsberg Malaysia reports for the first half of the year decreased pre-tax profit... Click here

Kazakhstan: BBH’s Ak-Nar brewery announces boost in sales... Click here

Russia: Baltika posts results for H1 of 2005, according to International Financial Reporting Standards... Click here

Norway: Ringnes Brewery is going to perform important job-cuts... Click here

New Zealand: Strike at DB Breweries... Click here

UK: Wolverhampton & Dudley Breweries takes over English Country Inns... Click here

Belarus: Barley harvest in 2005 inferior to that of 2004... Click here

Australia: Barley export licenses approved to Middle East... Click here

World: Analysts views on world barley market... Click here

More News
World:Kirin’s top ten of most important countries in beer industry ...more info

UK: Anxiety about Belhaven’s takeover by Green King ...more info

Australia : Important Changes at Australian Grain Growers Association ...more info

USA: Montana’s barley crop nearly 50% harvested ...more info

Canada: Weekly barley exports ...more info

China: The leading brewer Kingway plans to triple its sales until 2008 ...more info

USA: After 8 years of court battle Anheuser-Busch has to pay $120M to Maris family ...more info

Ukraine: Barley exports for the first half of August ...more info

Bulgaria: Bulgarian barley harvest almost complete ...more info

Australia: Lion Nathan denies buy-out speculations ...more info

USA: YaSheng reports higher barley crop resulting in production and revenues rise ...more info

France: Barley exports from Rouen ...more info

Japan: Disclosures about sbestos- tainted soil at Kirin brewery ...more info

USA: Heiner Brau Brewery in Covington is closer to receiving a liquor license ...more info

USA: Drinks Americas aquires famous beer brand ...more info

Netherlands: Heineken doesn’t give up on China’s Kingway brewery ...more info



Brewery News

Malaysia: Carlsberg Malaysia reports for the first half of the year decreased pre-tax profit

Carlsberg Malaysia Breweryy announced on August 23 a 14.6 % year-on-year drop in first half group pre-tax profit to RM52.874 million (US$14 million) due to a decline in duty paid sales caused by a contraction of industry volume. This contraction arose from the important domestic price rise following the excise duty increase in September 2004, it said in a filing to Bursa Malaysia.

The lower duty-paid sales volume was mitigated by higher export sales, which pushed group revenue 10.9 %higher to RM571.193 million during the six months ended 30 June 2005.

The sales and marketing costs according to Carlsberg rose as a result of fierce competition in the market and investment in the Skol brand. It addred: "The highly intense competition and marketing investments in our brands are expected to continue and impact margins in the short term.”Carlsberg said the group will concentrate its efforts to increase its market share and expand its beer market leadership.

Kazakhstan: BBH’s Ak-Nar brewery announces boost in sales

Ak-Nar brewery from Kazakhstan which is part of the Baltic Beverage Holding, increased its beer output 62.6 % year-on-year to 26.9 million liters in the first half of 2005, the company reported on August 24.

An Ak-Nar representative said "At the beginning of July, the company's share on the market was 18.8 per cent." The brewer stated that US$30 million would be invested in production in 2005. Earlier the compnay said that it plans to increase production 70 %to 67.347 million liters in 2005.

This brewery merged at the end of 2003 with Irbis to form an enterprise called Ak-Nar. As a result, Kanon became the owner of4%, the Kazakh corporation Tsesna 6% and %and the Baltic Beverage Holding 90 % of the company's capital.


Russia: Baltika posts results for H1 of 2005, according to International Financial Reporting Standards

Russia’s Baltika Breweries announced its results for the first half of 2005. The results are according to International Financial Reporting Standards

• Sales volume in 1H2005 - 10.81 million hectoliters, + 22.1%
• Net sales in 1H 2005 - 449.6 MEUR, +23.6%
• Gross profit in 1H2005 - 230.6 MEUR, + 39.3%
• EBITDA in 1H2005 -133.7 MEUR, +38.1%
• EBIT in 1H2005 -100.8 MEUR, +48.4%
• Net profit in 1H2005 - 81,4 MEUR, +46.1%

The results for the first half of 2005 show that the Company continues to demonstrate success and feels confident in the marketplace.

The Company's results for the first half of 2005 demonstrate high financial and operational performance. Sales grew by 22.1% compared to the first half of 2004. The Company's growth continues to run ahead of the growth of the Russian beer market as a whole (3.7%).

The Company's sales grew by 23.6% and amounted to MEUR 449.6. The growth in revenue was due, on the one hand, to growth in volume (+22.1%) and, on the other hand, to an increase in the average price (+1.5%).

The growth in sales ...

...more info

Norway: Ringnes Brewery is going to perform important job-cuts

The Ringnes Brewer from Norway prepares to dismiss between 300 and 500 employees. By this measure, major cost reductions will be introduced. This has been confirmed by Ringnes CEO Jan Bodd, in an interview with the financial newspaper Dagens Naeringsliv. The news came on August 25.

The major reason given for the cut-backs is the removal of a NOK 0.91 tax on non-returnable plastic bottles through a budget agreement between the coalition government and the Progress Party. The Labour Party has promised to restore the tax if it wins the upcoming election, but Bodd says that the cut-backs will be carried out, anyway.


New Zealand: Strike at DB Breweries

At New Zealand’s DB Breweries around 170 workers left the job for 24 hours on August 25 protesting over the company's refusal to give them what they say is a fair pay rise, according to New Zealand Herald.

Andrew Little, Engineering, Printing and Manufacturing Union national secretary stated that workers were seeking a pay rise in line with the going rate of 5 per cent, and wanted it to apply to all wages and conditions. "Last week the company told the public that it had done so well over the past three years that it was celebrating by shouting every New Zealander a free beer, but it is refusing to share the good times with its own workers."

DB Breweries offered a 4 % pay rise. But DB managing director Brian Blake said their offer was 1 % above inflation, and staff were on target for a 10 % performance-related, lump-sum bonus.

"Unfortunately, the union are failing to recognise that DB is considered an excellent employer by our staff and that a strike may put reaching our target and the bonus at risk. Our 10 per cent performance-related bonus is significantly greater than the value of the extra 1 ...

...more info

UK: Wolverhampton & Dudley Breweries takes over English Country Inns

Wolverhampton & Dudley Breweries from UK stepped up the consolidation of the pub sector today by announcing on August 24 a £13.7m (€20.2m) offer for English Country Inns. The brewing and pub company said it had reached agreement with English Country Inns that would see it take over 14 unbranded pubs in southern and central England.

Wolverhampton & Dudley Breweries said the English Country Inns deal, which is subject to approval by shareholders, would give it further outlets to sell its own beers. Wolves brews Banks’s, Hanson’s and Mansfield beers in Wolverhampton and Marston’s Pedigree ale in Burton-on-Trent, Staffordshire.

It is the latest in a series of acquisitions that has seen Wolves build up an empire of 537 managed pubs, trading as Pathfinder Pubs, and 1,739 tenanted and leased sites grouped in its Union Pub Company.

The announcement came as rival Punch Taverns announced the sale of 45 pubs to Admiral Taverns for £14.8m (€21.8m) and is the latest in a series of recent takeovers within the industry as Greene King’s announcement of a £187m (€275.3) offer for Scottish Belhaven.

Barley News

Belarus: Barley harvest in 2005 inferior to that of 2004

Total harvest in Belarus makes 5449 KMT as of August 22. The average grain yield over the country is of 3.2 tonnes per hectare, which is 0.09 tonnes per hectare less than in 2004.

Total barley harvest as of the same date made 265.04 KMT which is less by 34.16 KMT than in last year when it made 299.2 KMT. The average barley yield 2005 was of 3.7 tonne per hectare which is more than 2004 by 0.8 tonne.

Australia: Barley export licenses approved to Middle East

Export licenses for 50,000 tonnes of malting barley and 60,000 tonnes of feed barley to the Middle East were approved last week by Grains Licensing Authority in the state of Western Australia

Colin Mann Grains Licensing Authority Chairman said, "If these applications had not been approved Western Australian growers would be denied access to particular market segments. However, conditions had been applied to ensure that there were more options for producers and it was not WA grain competing directly with WA grain."

Any quality misrepresentation or variety requirements of the market would be exhaustively examined and if necessary, action will be taken by the Grains Licensing Authority to make sure that the repute of State isn’t injured

World: Analysts views on world barley market

Analysts believe that now the barley market is very brisk. The operators on market state that bargains made for $130-135 tonne FOB Black Sea ports within August deliveries. Barley prices went up $2-3/tonne for the week

The demand for barley in the world barley market remains strong this season and according to analysts’ views it is unlikely that its prices are going to fall much even after the coming of other traditional barley providers on the market as Canada for instance.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2303 August 26, 2005 
 Crop year   2004   2005 
 Parity   FOB Creil   FOB Creil 
 Position   July 2004   July 2005 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  nq  nq  120.00  148.00 
2RS  Prestige  nq  nq  120.00  148.00 
2RS  Cellar  nq  nq  120.00  148.00 
2RS  Aspen  nq  nq  nq  nq 
2RS  Optic  nq  nq  nq  nq 
2RS  Sebastien  nq  nq  119.00  146.50 
2RS  Astoria  nq  nq  119.00  146.50 
2RS  Cork   nq  nq  118.00  145.50 
6RW  Esterel   nq  nq  107.00  132.00 
nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Table of the week
EU Barley Production, in thousand tonnes, forecast

  Winter Winter Spring Spring Total Total
  2004 2005 2004 2005 2004 2005
Austria  455  405  552  555  1 007  960 
Belgium  265  245  40  22  305  267 
Denmark  736  676  2 854  3 074  3 590  3 750 
Germany  9 636  8 700  3 357  3 050  12 993  11 750 
Finland  -  -  1 725  2 087  1 725  2 087 
France  7 313  7 052  3 728  3 279  11 041  10 331 
Greece  238  200  -  -  238  200 
Ireland  147  108  1 152  914  1 299  1 022 
Italy  1 169  1 116  -  -  1 169  1 116 
Luxemburg  33  33  19  19  52  52 
Netherlands  21  20  266  270  288  290 
Portugal  16  6  -  -  16  6 
Spain  2 643  1 058  7 966  3 801  10 609  4 859 
Sweden  30  25  1 662  1 584  1 692  1 609 
U.K.  2 699  2 400  3 161  3 047  5 860  5 447 
EU-15  25 401  22 044  26 482  21 702  51 884  43 746 
Cyprus  107  100  -  -  107  100 
Czech Rep.  596  565  1 735  1 824  2 331  2 389 
Estonia  -  -  293  250  293  250 
Hungary  821  605  593  450  1 414  1 055 
Latvia  9  3  275  249  284  252 
Lithuania  17  16  843  588  860  604 
Poland  527  500  3 044  2 700  3 571  3 200 
Slovakia  76  73  840  763  916  836 
Slovenia  -  -  59  28  59  28 
EU-10  2 153  1 862  7 682  6 852  9 835  8 714 
EU-TOTAL  27 554  23 906  34 164  28 554  61 719  52 460 
Source: H.M. Gauger report
Graph of the week

Agenda
August 2005:
FOOD INGREDIENTS SOUTH AMERICA 2005, Sao Paulo, Brazil
35th BCCA Canvention 2005

September 2005:
International Brewery and Soft Drinks Industry Exhibition
4th WORLD BEER & DRINKS FORUM
Great Canadian Beer Festival
4th World Beer & Drinks Forum 2005
Brew Cruise to New England/Canada
Drinktec 2005
St. Feuillien Dinner at Monk's.
The Berghoff OKtoberfest
Birmingham Beer Festival
40th Annual Mt. Angel Oktoberfest
Fremont Oktoberfest
Munich Oktoberfest 2005
10th Annual Madison County Hop Fest
3rd Annual Big Lake Brewfest
Great Lakes Brew Festv Ludwig's Oktoberfest 2005
New South Wales Brewing Championships 2005
Great American Beer Festival
Keighley Beer
Stockholm Beer & Whisky Festival
Harpoon Octoberfest

October 2005:
7th Annual Charlotte Oktoberfest
Custom Brewcrafters Autumn Festival Of Ales
MBAA Brewing & Malting Science Course, Univ
BJ's Beer Appreciation Night Woodland Hills - Oktoberfest - Bavaria's Best
International Beer Summit / Kokusai Beer Matsuri
5th 2005 Technical Symposium, "The US Brewing Industry Considered"
10th Annual World Beer Festival
5th Annual Autumn Brew Review
Anuga 2005, is a biennial show and is known as the world’s
Maryland Brewer's Oktoberfest
Great Decatur Beer Tasting Festival 2005
Nottingham Beer Festival
Falmouth Beer Festival Cornwall CAMRA
28th Norwich Beer Festival
New England Beer Fest


More events are available on site e-malt.com
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