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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt 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
10 Oct - 11 Oct 2005
Crop 2005
2rs Barley €117.0-118.0
6rw Barley €104.0-106.0

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 39a, 2005
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Newsletter 38b, 2005

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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 Statistics section.

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E-malt.com Newsletter 41a
October 10 - October 11, 2005
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Currency Rates
Base Currency: Euro, EUR
on 11-October-2005

1 EUR = 1.2067 USD
1 EUR = 0.6874 GBP
1 EUR = 1.4196 CAD
1 EUR = 1.5907 AUD
1 EUR = 137.69 JPY
1 EUR = 2.7054 BRL
1 EUR = 34.4127 RUB
1 EUR = 9.7789 CNY
 Base Currency: US Dollar
on 11-October-2005

1 USD = 0.8290 EUR
1 USD = 0.5696 GBP
1 USD = 1.1764 CAD
1 USD = 1.3182 AUD
1 USD = 114.14 JPY
1 USD = 2.242 BRL
1 USD = 28.518 RUB
1 USD = 8.1038 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Colombia & UK: SABMiller to become the world’s second largest brewer after acquisition of Bavaria... Click here

Chile: CCU’s beer sales volume rose about 4.9% in Chile and 6.0% in Argentina in Q3 2005... Click here

Australia: Lion Nathan secures injunction to stop the shareholders’ meeting at Coopers... Click here

Russia: SUN Interbrew is to produce and distribute Löwenbräu® in Russia... Click here

Belarus: Baltic Beverage Holding (BBH) targets Belarus beer market... Click here

EU: EU malt export licence bookings were of 485,000 tonnes by the end of September... Click here

Australia: AWB seeds launch new malting barley called ‘Buloke’... Click here

Canada: AAFC estimates increased Canadian barley supply and exports... Click here

More News
Angola: Government gives ok for the privatisation of EKA brewery ...More Info

China: Chinese demand for malting barley ...More Info

Japan: Asahi Breweries’ shares rated as "overweight," target price raised ...More Info

USA: Malt & Malting Barley Buyers’ Conference this month ...More Info

USA: Heineken to introduce Premium Light in USA market ...More Info

Russia and Ukraine: The Black Sea market is the price leader of feed barley markets ...More Info

UK: Massive newspaper advertising campaign started for InBev’s brand Artois Bock ...More Info

Italy: Castellor brewery interested in a buy-out of Birreria Pedavena ...More Info

Germany: Nicotine beer called NicoShot aims to beat smoking ban ...More Info

USA: Montana’s 2004 malting barley sales increased by 33% year-on-year ...More Info

India: InBev negotiates equal joint venture in India ...More Info

USA: Pyramid Breweries with record 7th wheat beer medal at Great American Beer Festival ...More Info

Canada: Barley crop registers year-on-year decrease ...More Info

India: Herbal beer developed in India to reach the market in 2006 ...More Info



Brewery News
Colombia & UK: SABMiller to become the world’s second largest brewer after acquisition of Bavaria

About 98 % of London-based SABMiller's shareholders gave an ok for the deal, which makes SABMiller the world's second-largest brewer behind Belgium's InBev, and bumps St. Louis-based Anheuser-Busch Cos. Inc. to third place. SABMiller acquired a 71.8% stake in South American brewer Bavaria in a deal valued at US$7.8 billion (50.7 billion rand at the current exchange rate), SABMiller stated.

Bavaria is the second-largest brewer in South America, with a 79 % or more market share in Panama, Ecuador, Peru and Colombia. Its brands include Aguila, Cristal, Pilsener and Atlas. Bavaria also produces water, juices, soft drinks and milk.

London-based SABMiller said the deal would further diversify its existing businesses and brands in attractive growth markets. The brewer already has operations in El Salvador and Honduras, but those markets are difficult because of their weak economies and high fuel prices, reports said.

SABMiller has submitted on October 7 to the Financial Services Authority a prospectus relating to the new SABMiller shares to be issued pursuant to the major transaction in South America which was announced on 19 July 2005, and which was approved by the shareholders of SABMiller at an Extraordinary General Meeting held on 7 ...More Info

Chile: CCU’s beer sales volume rose about 4.9% in Chile and 6.0% in Argentina in Q3 2005

Chile's biggest brewing company, Compañía Cervecerías Unidas S.A. (CCU) announced on October 7 its sales volume increased by 6.1 % in the third quarter compared with the same quarter last year, to 2.62 million hectolitres.

CCU said in a statement that beer sales volume rose 4.9 % in Chile in the third quarter 2005 up to 799,224 hl, and 6.0 % in Argentina up to 452,094 hl.

In the first three quarters on 2005 CCU’s beer sales volume increased by 9.5% year-on-year in Chile up to 2.78 million hl and by 7.2% in Argentina up to 1.48 million hl.

The above-mentioned figures were reported on October 7 as preliminary third quarter 2005 consolidated results. CCU plans to release its consolidated third quarter results by the end of October.

CCU is a diversified beverage company operating principally in Chile and Argentina. CCU is the largest Chilean brewer, the second-largest Argentine brewer, the third-largest Chilean soft drink producer, the second-largest Chilean wine producer, the largest Chilean mineral water producer, one of the largest Chilean pisco producer and also participates in the confectionery industry in Chile. The Company has licensing and/or joint venture arrangements with Heineken Brouwerijen B.V., Anheuser-Busch Companies Inc., PepsiCo Inc., Paulaner Brauerei ...More Info

Australia: Lion Nathan secures injunction to stop the shareholders’ meeting at Coopers

The brewer Lion Nathan said it has secured an injunction stopping its takeover target, Coopers Brewery, from holding a shareholders' meeting later this month to consider a resolution removing Lion Nathan's pre-emptive rights to buy Coopers shares, AFX communicated on October 11.

The move follows Lion Nathan, launching a A$ 352 mln hostile takeover bid for Coopers last month at A$ 260 per share, which Coopers has rejected. Federal Court Justice Alan Goldberg granted on October 10 an injunction stopping the October 20 meeting of Coopers shareholders going ahead.

Goldberg specified that if Coopers promptly presented a more comprehensive explanatory memorandum to shareholders, the meeting may be able to proceed on October 20. Under the Coopers constitution, Coopers shares up for sale must first be offered to another Coopers shareholder, secondly to AMP or any other Coopers employee superannuation fund and thirdly to Lion Nathan.

Lion Nathan argues that if Coopers shareholders vote in favour of the resolution to remove Lion Nathan's pre-emptive rights, they will effectively put an end to the takeover offer.

So far Lion Nathan states that it has obtained agreements from 11 of Coopers' 117 shareholders wanting to sell their shares in the South Australian brewer. In its ...More Info

Russia: SUN Interbrew is to produce and distribute Löwenbräu® in Russia

Heineken Russia and SUN Interbrew Limited (SIL) announced on October 7 the signing of an agreement to transfer rights related to the production and distribution of the Löwenbräu® brand in the territory of the Russian Federation.

Originally belonging to the Spaten-Löwenbräu group, the Löwenbräu® brand was acquired by InBev in 2004. Löwenbräu® was brewed by Heineken for over six years at its facility in St. Petersburg. Now Heineken Russia and InBev have agreed that the famous Bavarian brand can be transferred to SUN Interbrew, InBev’s Russian subsidiary.

Effective November 3, 2005, SUN Interbrew will be responsible for the distribution of Löwenbräu® beer in Russia. In the meantime, Heineken Brewery LLC in St. Petersburg will continue brewing Löwenbräu® for SIL until February 28, 2006. As from March 1, 2006, SUN Interbrew will have full responsibility for the production and distribution of Löwenbräu® in Russia.

Heineken Russia will receive financial compensation in relation to the changes related to the Löwenbräu® brand. The parties have agreed that the amount of such compensation will remain confidential.

Heineken Russia embodies a group of 10 non-listed companies located in different parts of the Russian Federation. Heineken NV acquired the first brewery in 2002 in St. Petersburg (Heineken Brewery LLC), ...More Info

Belarus: Baltic Beverage Holding (BBH) targets Belarus beer market

Baltic Beverage Holding (BBH), a 50-50% joint venture between Scottish & Newcastle and Carlsberg A/S, is to target the highly challenging market conditions of Belarus, media reports posted on October 10. BBH is aiming to embark on a promotional push in the eastern European state hoping boosting sales of its Arsenalinoe brand by up to 40%.

Belarus is a state that has been condemned by the European Union and the United Nations, and branded the “last dictatorship in Europe” by President George W Bush.

A spokesperson for Edinburgh-based S&N said BBH expects there to be huge demand for the company's brands in Belarus. However, he stressed there were no plans to put an "operational system" into Belarus, according to Datamonitor Newswire.

With a population of 10 million, Belarus is seen as one of the most interesting and high-potential beer markets in the region. However, despite this potential for future growth, foreign brewers in Belarus are faced with import limitations and a strong lobby for local products. The authorities insist that local products should make up 85% of retailers’ goods on offer.

In addition, the US government advises American companies to avoid Belarus altogether, in what President George Bush branded as the "last dictatorship ...More Info

Malt News
EU: EU malt export licence bookings were of 485,000 tonnes by the end of September

EU malt export licence bookings from July 1 to September 27, 2005, were 485,000 tonnes versus 626,500 tonnes at the same time last year. If license fixations continued at the same pace until June 30 of next year, they would total 1.940 million tonnes versus 2.220 million tonnes last year and 2.478 million tonnes two years ago. The loss in two years' time would amount to 538,000 tonnes or 22 %.

Analysts think that the reasons are well known, expansion of malting industries in Eastern Europe and South America makes these countries less dependent on malt imports. Liberal bilateral trade policies of Australia favour malt exports from that country.

EU maltsters cannot be blamed, unless one wants to criticize international malting companies for investing also outside the EU. (We do not.) Or one could blame the Common Agricultural Policy (CAP) of the EU, which is still much too protectionist for today's world.

Barley News
Australia: AWB seeds launch new malting barley called ‘Buloke’

The Australian Wheat Board (AWB) announced on October 10 that a new export quality malting barley ‘Buloke’ is being launched by AWB seeds on October 11 offering extremely high yields in low to medium rainfall districts.

AWB Seeds Manager Denis McGrath says Buloke is best suited to regions in south eastern Australia with between 325mm – 450mm annual rainfall, and offers early to mid season maturity and excellent foliar leaf disease resistance.

“Buloke has been bred by Victorian Department of Primary Industries breeder David Moody as part of the Malting Barley Quality Improvement Program,” Mr McGrath said. “It has is a tall, semi erect variety with growth habits that are similar to Barque but slower than the Sloop varieties.”

In Victoria, Buloke flowers at approximately the same time as Schooner, and about 3-4 days later than SloopSA. Limited data suggests Buloke is a few days later flowering than Schooner in central NSW.

“Buloke has reasonable straw strength, moderately good head retention and is tolerant to pre harvest sprouting similar to Gairdner,” Mr McGrath said. “Longterm (2002-2004) yield data indicates Buloke is the highest yielding malt barley variety in the Murray Mallee and Victorian Mallee. “Compared to current malting varieties grown in its area of ...More Info

Canada: AAFC estimates increased Canadian barley supply and exports

Agriculture and Agri-Food Canada (AAFC) released a report on October 7 according to which the barley production is estimated to fall by 8% from 2004-05, as a result of lower area and yields. Total supply, however, is projected to increase slightly due to high carry-in stocks which resulted from the large production of low-quality barley in 2004-05. The quality of the 2005-06 crop is estimated to be below normal. Exports are forecast to rise by 34% due to higher feed barley exports. Carry-out stocks are expected to drop significantly, returning to a near-normal level. The off-Board feed barley price is forecast to decline slightly. Malting barley prices will be pressured by higher world production, with the CWB PRO for Special Select 2-Row down by C$8/t from 2004-05 at C$171/t.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2067 October 11, 2005 
 Crop year   2005 
 Parity   FOB Creil 
 Position   July 2005 
Type   Variety  EURO  USD 
2RS  Scarlett  119.00  143.50 
2RS  Prestige  118.50  143.00 
2RS  Cellar  118.50  143.00 
2RS  Sebastien  116.50  140.50 
2RS  Astoria  116.50  140.50 
2RS  Cork   116.00  140.00 
6RW  Esterel   105.00  127.00 
Table of the week

EU Malting Barley Supply and Demand Estimate 2005/2006

(in 1,000 tonnes) Malt production (estim.) Barley demand  Supply Spring malting barley  Supply Winter Malting barley  Net Plus / Minus 
Total Spring Winter
  Northwest: 
  Belgium  700  875  15  -  - 860  - 560  - 300 
  France  1,350  1,700  1,600  2/6 row 1,700  + 1,600  + 600  +1,000 
  Germany  1,750  2,150  1,600  2 row 50  - 500  - 450  - 50 
  Ireland  125  180  220  -  + 40  + 40  - 
  Netherlands  320  370  290  -  - 80  - 50   - 30 
  United Kingdom  1,360  1,700  1,780  2row    640  + 720  + 660  + 60 
  Total Northwest  5,605  6,975  5,505  2,390  + 920  + 240  + 680 
 
  Baltic: 
  Denmark  275  320  1,420  -  + 1,100  + 1,100  - 
  Finland  170  210  260  -  + 50  + 50  - 
  Lithuania  70  90  90  -  -  -  - 
  Poland  250  310  210  -  - 100  - 100  - 
  Sweden  210  260  420  -  + 160  + 160  - 
  Total Baltic  975  1,190  2,400  -  + 1,210  + 1,210  - 
 
  Southeast: 
  Austria  150  190  160  -  - 30  - 30  - 
  Czech Republic  480  600  800  -  + 200  + 200  - 
  Hungary  120  150  150  -  -   -  - 
  Slovakia  175  220  270  -  + 50  + 50  - 
  Total Southeast  925  1,160  1,380  -  + 220  + 220  - 
 
  Mediterranean:               
  Greece 30  40  -    - 40  - 20  - 20 
  Italy 60  75  25    - 50  - 30  - 20 
  Portugal 80  100  -    - 100  - 60  - 40 
  Spain 460  580  280    - 300  - 250  -50 
 Total Mediterranean  630  795  305  -  - 490  - 360  - 130
 
  Net Total  8,135  10,120  9,590  2,390  + 1,860  + 1,310  + 550 
Graph of the week

Agenda
October 2005:
Custom Brewcrafters Autumn Festival Of Ales
7th Annual Charlotte Oktoberfest
MBAA Brewing & Malting Science Course
BJ's Beer Appreciation Night Woodland Hills - Oktoberfest
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
Maryland Brewer's Oktoberfest
Great Decatur Beer Tasting Festival 2005 organised in Georgia, USA
Falmouth Oyster Festival with beer and oysters
Nottingham Beer Festival.Over 350 different casks of real ale
Falmouth Beer Festival Cornwall CAMRA
28th Norwich Beer Festival, is organised by the Norwich & Norfolk Branch
New England Beer Fest,a celebration of the local New England Beer Scene
Malt and Malting Barley Symposium

November 2005:
Weekend of Belgian BeersFestival
THE DUTCH BEERFESTIVAL
Brew BLAST. Annual Beer, Lager, Ale, and Stout Tasting
Georgia Craft Brew Challenge
Maine Beer Festival
US Grains Council International Malt Barley & Malting Buyers Conference San Francisco,
GlobalGrain 2005 For more information on GlobalGrain 2005
Regina Festiv-Ale. A premium beer festival featuring the best beer from Canada
Brewtopia. The event has two tasting sessions, local brews, live entertainment, food
Festival of Barrel-Aged Beer
Great International Beer Festival
Phinney Neighborhood Association Beer Taste
Orlando Beer Festival
Great Brews of America Beerfest
5th International Forum " Drinks Industry 2005"

December 2005:
Americas Food & Beverage Show



More events are available on site e-malt.com
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