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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
Theoretical malt prices
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices Change trend
12 Jan - 13 Jan 2006
Crop 2005
2rs Barley €115.50-117.50 0.43%
6rw Barley €103.00-105.00
2rs Malt €242.00-244.00 0.21%
6rw Malt €226.50-228.50
Crop 2006
2rs Barley €118.50-120.50
6rw Barley €106.00-108.00
2rs Malt €245.00-247.00
6rw Malt €229.00-230.00

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 02a, 2006
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Newsletter 01, 2006
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Newsletter 52, 2005
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Newsletter 51b, 2005
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Newsletter 51a, 2005
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Newsletter 50b, 2005

Market price evolutions

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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 02b
January 12 - January 13, 2006
Quote of the week

"Confidence is the companion of success."


Currency Rates
Base Currency: Euro, EUR
on 13-January-2006

1 EUR = 1.2113 USD
1 EUR = 0.6862 GBP
1 EUR = 1.4046 CAD
1 EUR = 1.6066 AUD
1 EUR = 138.159 JPY
1 EUR = 2.7591 BRL
1 EUR = 34.4657 RUB
1 EUR = 9.7745 CNY
 Base Currency: US Dollar
on 13-January-2006

1 USD = 0.8256 EUR
1 USD = 0.5665 GBP
1 USD = 1.1596 CAD
1 USD = 1.3262 AUD
1 USD = 114.068 JPY
1 USD = 2.2778 BRL
1 USD = 28.4528 RUB
1 USD = 8.0692 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Vietnam: SABMiller plc announces investment in high growth Vietnamese beer market... Click here

Australia: Lion Nathan extended its takeover offer for Coopers for March... Click here

Japan: The overall domestic beer market is expected to stay flat in 2006... Click here

UK: Tony Blair paves way for extended ban on smoking in U.K.... Click here

USA: Major marketing support for Heineken Premium Light introduction... Click here

Denmark: 2006 barley and malting barley forecast. Barley varieties 2006... Click here

USA: Barley production amounted 212 million bushels in 2005... Click here

More News
Japan: Kirin's business approach for 2006 ... More Info

USA: Pittsburgh Brewing says financial position has deteriorated over the last year ... More Info

UK: The first advertisement to fall foul of rules banning links between beer and sexual success ... More Info

Japan: Asahi Breweries expects its domestic beer sales to increase by 3.4 % in 2006 ... More Info

Japan: Kirin gains competition ground on Asahi Breweries ... More Info

Moldova: Beer prices up by about 2 % after introduction of new excises ... More Info

USA: The perspective of increased beer taxes in Iowa meets disapproval from beer distributors ... More Info

USA: Boston Beer appoints Jay Margolis a Director of the Company ... More Info

UK: Scotland’s barley production on decline ... More Info

Netherlands: Heineken sees EUR 25 mln negative effect on 2006 financial year ... More Info

Canada: CWB is cautiously optimistic about the price outlook for barley ... More Info

USA: US barley stocks down 15% ... More Info

USA: Anheuser-Busch declares quarterly common stock dividend ... More Info

Canada: Big Rock Brewery- television and print ads wanted for the 2006 Eddies ... More Info

Malta: Industrial actions possible at Lowenbrau brewery ... More Info

Australia: ABB Grain to help Junee bushfire victims ... More Info

UK: Young’s Brewery under criticism because of its “This is a Ram’s World” advertising campaign ... More Info

UK: Greene King grant options over 20,000 ordinary shares ... More Info

USA: Lakefront releases new gluten- free beer for people with celiac disease ... More Info

USA: Jon Moramarco Appointed CEO of Constellation Europe ... More Info



Brewery News
Vietnam: SABMiller plc announces investment in high growth Vietnamese beer market

SABMiller plc (“SABMiller”) announced on January 13 that it has entered into a joint venture with Vietnam Dairy Products Joint Stock Company (“Vinamilk”) to establish a greenfield brewery in the Binh Duong province in southern Vietnam, subject to certain conditions being fulfilled.

Under the terms of the agreement, SABMiller and Vinamilk will each hold a 50% interest in the joint venture investment vehicle, for which the total initial investment capital will be US$ 45 million. SABMiller’s share of the investment will be settled in cash from existing resources.

The initial capacity of the brewery, which is expected to be operational by 2007, will be 500k hectolitres, with the ability to expand production to 1 million hectolitres. Such expansion would be funded from operating cashflows.

Vinamilk is a widely recognised and successful company in Vietnam, and with an estimated 70% market share in milk and related products and beverages, is the national market leader in this sector, with a strong distribution network throughout Vietnam.

The Vietnamese Ministry of Industry estimates that the beer market in Vietnam has grown from 13 million hectolitres in 2003 to 15 million hectolitres in 2005. The Vietnamese beer market is one of the fastest growing beer markets in the world ... More Info

Australia: Lion Nathan extended its takeover offer for Coopers for March

Lion Nathan Ltd announced on January 12 the extension of its troubled A$420 million (US$316.72 million) hostile takeover offer for Coopers Brewery Ltd to March, Asia Pulse posted on January 12.

The takeover offer remains open even though Coopers shareholders voted in mid-December to alter the company's constitution to remove Lion Nathan's pre-emptive right to buy Coopers shares - a move which Lion Nathan had said would effectively kill the bid.

But Lion Nathan managing director Rob Murray said in late December that Lion Nathan was pursuing legal action to reverse the Coopers shareholders' decision and keep the takeover bid alive. Lion Nathan today extended the offer period from January 20 to March 20.

Lion Nathan said that it had received transfer notices from Coopers shareholders in respect of 23,369 Coopers shares.

Coopers - an unlisted public company with 117 shareholders mostly related to founder Thomas Cooper - has resisted Lion Nathan's offer since the bid was launched in September 2005.

Lion Nathan originally offered $260 per share for Coopers, increasing it to A$310 per share in November, valuing Coopers at A$420 million. Lion Nathan shares were one cent higher at A$7.61 on January 12 2006.

Lion Nathan brews and distributes around 900 million ... More Info

Japan: The overall domestic beer market is expected to stay flat in 2006

The overall domestic beer market is expected to stay flat in 2006 despite booming sales of new, low-priced "third-type" beers, Asahi Breweries Ltd. and Kirin Brewery Co. reported on January 12, according to Reuters.

The size of the domestic market, including beer, low-malt "happoshu" brews and third-type, beer-like drinks made from hops and bean protein, is expected to fall 1 % in 2006, after an estimated 3 % drop in 2005, Kirin Brewery, Japan's second largest beer maker, said. The president of Asahi Breweries agreed, telling a news conference he saw the overall market staying flat or falling slightly this year.

Both firms, however, unveiled bullish sales forecasts, projecting more than 3 % sales growth for the year.

Asahi said it aimed for a 3.4 % rise to 200 million cases from its beer business this year through higher sales of its flagship "Super Dry" beer. One case is equivalent to 12.66 litres. The company suffered a 5.2 percent fall in overall beer sales in 2005, well short of its target announced in January last year of 1.7 percent growth and a revised 0.5 percent gain announced in August.

Kirin, known for its flagship "Lager" brand beer, said it ... More Info

UK: Tony Blair paves way for extended ban on smoking in U.K.

U.K. Prime Minister Tony Blair said his Labour Party lawmakers are free to vote as they wish on legislation to restrict smoking, paving the way for a ban in all offices, restaurants, pubs and clubs by 2007, Bloomberg posted on January 11.

The move heads off a revolt by a fifth of Labour lawmakers who objected to exemptions proposed by Health Secretary Patricia Hewitt that would allow smoking in private members' clubs and pubs that don't serve food.

Hewitt herself had backed a full ban in all offices, pubs and clubs, before being forced in October by her predecessor as Health Secretary, Defence Secretary John Reid, to allow exemptions that Labour had promised in the May 2005 general election. In a parliamentary petition, 70 Labour lawmakers had called for a free vote, enough to defeat Blair in the House of Commons if they had rebelled against his party line. “We recognize that the public debate has moved on,'' Blair's spokesman Tom Kelly told reporters. ``It's sensible to listen.''

Lawmakers are normally expected to vote as their party tells them. Kelly said all party members, including government ministers, would be free to vote as they wished when the legislation comes before ... More Info

USA: Major marketing support for Heineken Premium Light introduction

Heineken N.V. announced on January 12 that Heineken Premium Light was successfully test marketed in the USA in 2005 in Providence, RI; Tampa, FL; Phoenix, AZ and Dallas, TX. The brand will be launched nationwide in the US beer market in the on-trade in March 2006 and in April 2006 in the off-trade channel.

The launch of Heineken Premium Light in the USA will be supported by a $50 million (?42 million) incremental marketing budget. Heineken estimates that it will sell around 5 million cases (app. 400,000 hectolitres) of Heineken Premium Light in the first year. For 2006, a negative impact on the EBIT of Heineken N.V. is forecast of approximately ?25 million. Heineken Premium Light is expected to break even in the year 2007. The national launch of the brand will be supported by a comprehensive and integrated marketing campaign featuring television, print, radio, Internet and out-of-home advertising.

Heineken Premium Light will be positioned as a luxury light beer in the top of the light segment. This growing light segment is almost 50% of the American beer market and amounts to approximately 115 million hectolitres in 2005. Heineken Premium Light is brewed in the same high quality tradition ... More Info

Barley News
Denmark: 2006 barley and malting barley forecast. Barley varieties 2006

In 2005 spring barley area was of 569,000 ha of which 49% of malting quality. For comparison in 2004 spring barley area was 575,000 ha of which 28% of malting quality, H. Abildstrom & Co ApS reported on December 30 2005.

In 2005 Denmark harvested 2.89 million tonnes of spring barley of which 1.4 million tonnes of malting barley. In 2004 Denmark harvested 2.86 million tonnes of spring barley of which 0.8 million tonnes of malting barley.

On this basis it would indicate a spring barley area for 2006 of about same as 2005 but H. Abildstrom & Co ApS considers that some malting barley farmers would have changed to rapeseed due to the profitability although returning to barley may take some years. Thus at present moment it is not expecte 2006 area to be above 550,000 ha. Under good conditions with yield 5.0 t/ha malting barley % could reach 45 i.e. roughly estimated production 2006: 1.25 million tonnes.

Prognosis barley varieties to be sown in Denmark Spring 2006:

PRESTIGE 12%
POWER 11%
TROON 10%
CLASS 9%
SIMBA (feed) 16%
HYDROGEN (feed) 6%
SEBASTIAN 5%
OTHERS 32%

OTHERS comprising for instance the following malting barley varieties:
Tipple, Alliot, Braemar, Scandium, Barke, Henley, Global.

USA: Barley production amounted 212 million bushels in 2005

The production for barley amounted 212 million bushels in 2005, down fractionally from the Small Grains 2005 Summary and 24% below 2004, according to the USDA's final crop production report for 2005.

The average yield per acre was of 64.8 bushels, which was unchanged from September but down 4.8 bushels from the previous year. Area harvested for grain, at 3.27 million acres, decreased fractionally from the September estimate and 19% below a year ago.

Barley growers planted 3.88 million acres, 1% below the September estimate and 14% less than in 2004. States with estimate changes for the 2005 crop year are Arizona, Montana and Maine.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2113 January 13, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  118.00  143.00  121.00  146.50 
2RS  Prestige  117.00  142.00  120.00  145.50 
2RS  Cellar  117.00  142.00  120.00  145.50 
2RS  Sebastien  115.50  140.00  119.00  144.50 
2RS  Astoria  115.00  139.50  118.00  143.00 
2RS  Cork   115.00  139.50  118.00  143.00 
6RW  Esterel   104.00  126.00  107.00  130.00 
Theoretical malt prices.

  EURO = USD 1.2113 January 13, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Dec 2005-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  246.00  298.00  260.50  315.00  260.50  315.50  262.50  318.50 
2RS  Prestige  244.50  296.50  259.00  313.50  259.00  314.00  261.50  316.50 
2RS  Cellar  244.50  296.50  259.00  313.50  259.00  314.00  261.50  316.50 
2RS  Sebastien  243.00  294.00  257.00  311.50  257.50  311.50  259.50  314.50 
2RS  Astoria  242.50  293.50  256.50  310.50  256.50  311.00  259.00  313.50 
2RS  Cork   242.50  293.50  256.50  310.50  256.50  311.00  259.00  313.50 
2RS   Average price  243.50  295.50  258.00  312.50  258.00  312.50  260.50  315.50 
6RW  Esterel   227.50  277.00  243.00  294.50  243.00  294.50  245.50  297.50 
*  Asia Malt 70/30  239.50  289.50  253.50  307.00  253.50  307.50  256.00  310.00 
**  Asia Malt 50/50  236.50  286.00  250.50  303.50  250.50  303.50  253.00  306.50 

NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Theoretical malt prices for crop 2006 are available on site www.e-malt.com/MarketPrices

Table of the week

Barley World Trade Balance 2005-2006f
(in million tonnes)

Exports   Imports 
Australia  5.1  Europe  0.7 
Canada  1.9  CIS  0.6 
USA  0.5  Total America  1.0 
EU  3.7  Middle East  9.3 
Russia  1.0  Far East  3.8 
Ukraine  3.7  Africa  1.6 
Others  1.4  Others  0.3 
TOTAL  17.4  TOTAL  17.4 
Source: IGC, November 24, 2005
Newsletter SummaryTop
Graph of the week


Agenda

January 2006:
Big Beers Belgians & Barleywines Festival
Great Alaska Beer & Barley Wine Festival
The Great Alaska Beer
St. Paul Winterfest
Hop Leftoverus Challenge Entrants...
AHA Membership Rally - Boston Beer The Samuel Adams® Brewery.
Atlanta Cask Ale Tasting Sweetwater Brewery.

February 2006:
Pianeta Birra - Beverage & Co.
Sarasota Rhythm & Brews
Florida's best beer festival offering more...
World Brewing Academy International Diploma Conducted at the facilities of Siebel Institute...
August Schell Brewings' Annual Bock Fest...

March 2006:
China Drinktec - China International Exhibition on Beverage, Brewery and Wine Technology
Florida Brewers Guild Beer Festival. Beerfest 2006
Nightclub & Bar/Beverage Retailer Beverage & Food Convention and Trade Show
The 10th China International Exhibition on Beverage, Brewery and Wine Technology
Ale Street News' Ultimate Belgian Tasting


More events are available on site e-malt.com
Copyright © E-Malt s.a. 2006