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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
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
06 Feb - 08 Feb 2006
Crop 2005
2rs Barley €114.00-116.00 0.94%
6rw Barley €102.00-104.00 0.96%
2rs Malt €242.00-244.00 0.61%
6rw Malt €226.50-228.50 0.66%
Crop 2006
2rs Barley €117.50-119.50 0.70%
6rw Barley €105.00-107.00 0.93%
2rs Malt €244.00-246.00 0.41%
6rw Malt €227.50-229.50 0.44%

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 04a, 2006
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Newsletter 03b, 2006

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 06a
February 06 - February 08, 2006
Quote of the week

"Should I fail to find the way to do this, I will invent it."
Sir Philip Sidney

Currency Rates
Base Currency: Euro, EUR
on 07-February-2006

1 EUR = 1.2004 USD
1 EUR = 0.6835 GBP
1 EUR = 1.3743 CAD
1 EUR = 1.6092 AUD
1 EUR = 142.576 JPY
1 EUR = 2.6355 BRL
1 EUR = 33.9053 RUB
1 EUR = 9.6724 CNY
 Base Currency: US Dollar
on 07-February-2006

1 USD = 0.8333 EUR
1 USD = 0.5694 GBP
1 USD = 1.1449 CAD
1 USD = 1.3405 AUD
1 USD = 118.799 JPY
1 USD = 2.1956 BRL
1 USD = 28.2459 RUB
1 USD = 8.0579 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: China Resources Snow Breweries CR Snow acquired the first brewery in Fujian Province... Click here

Russia: Beer production to grow 5%-7% in 2006 - forecast... Click here

Mexico & USA: Grupo Modelo - the top seller among U.S. imports since 1997... Click here

Japan: Asahi Breweries and Sapporo Holdings upgraded by Standard & Poor's... Click here

Thailand: Brokers call for authorities to approve ThaiBev's entry on SET... Click here

EU: EU malt exporters fixed licences for shipments of 1.21 million tonnes... Click here

Russia: SUN Interbrew to construct malt-house in Siberia... Click here

UK: New malting barley varieties could gain market share quickly, according to experts... Click here

More News
USA: Gordon Biersch Brewery files for $50 million IPO ... More Info

EU: Malting barley markets are weaker, according to experts ... More Info

Canada: New government not rushing to end CWB’s monopoly on marketing western grain ... More Info

Russia: Vena Brewery started bottling Kronenbourg 1664 ... More Info

USA: Anheuser-Busch introduces light dark-colored beer - Michelob Ultra Amber ... More Info

Australia: ABB Grains announced director resignation ... More Info

Russia & Ukraine: There will be winterkill of grains and oilseeds ... More Info

Australia: Lion Nathan plays down South Australian Brewing Company cuts ... More Info

Russia: Ochakovo would capitalize on its diversity ... More Info

New Zealand: DB Breweries' super-chilled tap version of Export Gold ... More Info

Russia: Baltika Breweries to export the beer to all European countries ... More Info

Colombia: SAB-Bavaria purchased about about150,000 tonnes of malting barley ... More Info

UK: “Scottish Courage” is changing its name into “Scottish & Newcastle UK” ... More Info

Germany: Radeberger Gruppe plans to increase its market share through acquistions ... More Info

Italy & UK: Shepherd Neame to quench Italian thirst for British beer ... More Info

UK: What UK Maltsters hope to purchase from the 2006 barley crop ... More Info

South Korea: Hite Brewery and Jinro Ltd. to jointly set up bottled water business ... More Info

World: Malting barley outlook from CWT ... More Info

India: Yuksom Breweries to consolidate its position in the beer market ... More Info

Ukraine: Winter barley suffers from winterkill ... More Info

Russia: Beer advertising during international broadcasting should be permitted ... More Info

USA: Shipyard Brewing, Sunday River and Boston Firefighters team up to benefit Burn Foundation ... More Info

USA: Coors Brewing Company kicks-off super bowl weekend with an XL Celebration ... More Info

UK: Greene King announced directors' shareholdings ... More Info

Zambia: Zambian Breweries to compensate Melissa Supermarket ... More Info

New Zealand: Lion Nathan seen No 1 competitor for New Zealand spirits group ... More Info

Indonesia: Kirin Brewery and Daesang to form seasoning venture in Jakarta ... More Info



Brewery News
China: China Resources Snow Breweries CR Snow acquired the first brewery in Fujian Province

China Resources Snow Breweries Limited (or “CR Snow”), a subsidiary of China Resources Enterprise, Limited (or the “Company”) (HKEx: 0291) and a joint venture with SABMiller plc, announced that it has acquired a total 85% interest in “Quanzhou Qingyuan Brewery Limited” (“Qingyuan Brewery”) for an estimated RMB72 million. The residual 15% is owned by (“Q.F.G.C. (Limited)”).

The consideration for the acquisition will be based on the appraised net asset value of Qingyuan Brewery to be determined after due diligence, which is expected to be about RMB85 million. Qingyuan Brewery had a net debt of RMB42 million as at 30 September 2005. The annual production capacity of the brewery is 118,000 kilolitres, and could be increased to 280,000 kilolitres after upgrade for an additional RMB65 million investment. The major product line for Qingyuan Brewery is its “Qingyuan” series of beer, distributed for sales mainly in the Quanzhou area.

Quanzhou, a major coastal city with a population of over 7 million people, is located at the southeast coastal area of Fujian Province. Total beer sales of Fujian Province was 1.35 million kilolitres in 2004, while annual consumption per capita was 39 litres, far exceeding the per capita level of 23 litres on a ... More Info

Russia: Beer production to grow 5%-7% in 2006 - forecast

Beer production will grow by 5%-7% in Russia in 2006, the same level as in 2005, Vyacheslav Mamontov, chairman of the executive committee of the Russian Brewers' Union, said at a press conference on Monday, February in Moscow, according to Interfax.

"The main reason behind the growth is the social and economic condition of most beer consumers," he said. "Beer consumption is higher, for example, in the central region, where people are better able to afford it. This figure is lower of course in the subsidized regions," he said.

Russians consumed an average of more than 60 liters of beer per person in 2005, the Brewers' Union said. However, Russia is still in 20th place in beer consumption in the world.

The slowdown in the growth of beer production is also tied to the government's excise policy, which puts restrictions on advertisements and increases transport costs, Viktor Pyatko, vice president of the Heineken group of companies, said at the press conference.

The Brewers' Union has prepared a social report on the brewing industry for the first time and has come up with an initiative to distribute stickers with information about the ban on beer sales to minors, Mamontov said. "These ... More Info

Mexico & USA: Grupo Modelo - the top seller among U.S. imports since 1997

The largest beer maker in Mexico and biggest beer importer into the United States should put Mexico's Grupo Modelo in an enviable position, Miami Herald commented on February 4.

Grupo Modelo's trendy Corona Extra beer has been the top seller among U.S. imports since 1997, the year the Mexican brew unseated its Dutch rival, Heineken, also a lager. ''It's true that Corona Extra is the imported beer with the highest sales in the United States,'' said Jorge Siegrist P., a Grupo Modelo spokesman. “Still, other brands from our group are also experiencing success in the U.S. market.''

However, Grupo Modelo faces competition at home from Grupo Femsa, maker of Tecate and Dos Equis beers.

In the United States, domestic beer sales are flat in the face of a growing American taste for wine and spirits, although imports are still rising at a moderate pace. But Modelo, which is partially owned by U.S. brewing giant Anheuser-Busch, is optimistic its dominance will continue. Not only has it got other brands waiting in the wings to sell in the United States, it also wants to conquer the world.

Modelo Especial is the sixth most favored beer import in the United States and Corona Light is ... More Info

Japan: Asahi Breweries and Sapporo Holdings upgraded by Standard & Poor's

Standard & Poor's said on January 6 it has upgraded its long-term ratings on Asahi Breweries Ltd. and Sapporo Holdings Ltd., citing improved profitability in their alcoholic beverage businesses and continuous debt shrinking efforts, Kyodo News posted on February 6.

The U.S. credit-rating agency also revised its rating outlook on Kirin Brewery Co. to stable from negative after its strong business performance in the first three quarters of fiscal 2005.

The agency raised its long-term corporate credit rating on Asahi to A-minus from BBB-plus, and that on Sapporo to BB from BB-minus. The outlooks on the new ratings are stable. It assigned an AA-minus as Kirin's long-term rating.

S&P noted the rating or outlook on Asahi could be further revised upward if the company is able to diversify its businesses into nonalcoholic beverages and strengthen its cash flow generation.

On Sapporo, the agency said the company's profitability and cash flow will be affected by the probable future introduction of a large tax hike on low-alcohol beverages since the company relies heavily on its "Draft One" low-alcohol beverage for its earnings.

But this could be offset by beefing up Sapporo's position in the premium beer market and reinforcing its cash flow from ... More Info

Thailand: Brokers call for authorities to approve ThaiBev's entry on SET

Local securities brokers and fund managers urged on Friday, February 3, the Securities and Exchange Commission to approve the application of Thai Beverages to list on the local stock market, The Bangkok Post communicated on February 4.

The Federation of Thai Capital Market Organisations, led by chairman Kongkiat Opaswongkarn, yesterday met with SEC secretary-general Thirachai Phuvanatnaranubala to show their support for the ThaiBev listing.

Regulators have delayed consideration of the listing until formal passage of a new alcoholic beverage law. Dozens of religious and social groups have protested against the listing on moral grounds.

ThaiBev, a giant holding company controlled by Charoen Sirivadhanabhakdi, is the producer of market leader Chang Beer, Mekhong rum and dozens of other spirits and whiskies. The company has said that it would seek a listing on the Singapore Stock Exchange if its application to the SET is rejected. Dr Kongkiat said that ThaiBev, with sales of 90 billion baht, paid taxes totalling 50 billion baht each year, equal to 5% of total government tax receipts.

Allowing the company to list on the Singapore exchange would result in the SET losing the chance to boost its market capitalisation by as much as 200 billion baht, he said. Local brokers ... More Info

Malt News
EU: EU malt exporters fixed licences for shipments of 1.21 million tonnes

EU malt exporters fixed licences for shipments of 1.210 million tonnes from July 1, 2005 until January 24, 2006, 118,000 tonnes less than a year ago. But converted to a year figure, bookings could reach 2.170 million tonnes, only 50,000 tonnes less than in 2004/05. Last year, fixations fell sharply in the latter half of the campaign.

Pessimistic expectations earlier in the crop year had put EU malt exports as low as 1.8 million tonnes. This seems to be wrong by now, and it can be hoped that losses versus the year before will not be too great. Quantity losses to Russia and Japan were at least partly compensated by larger deliveries to South America, Africa and Southeast Asia.

Russia: SUN Interbrew to construct malt-house in Siberia

SUN Interbrew is planning to construct a malt-house in Angarsk, South Siberian Russia, on the Angara River, AK&M Analytical Information Agency of Russia cited Company's President Joseph Strella reporting to journalists. The malting plant will supply the raw materials for a new brewery the first production line of which with a capacity of 2 million hl will be launched in 2008.

SUN Interbrew founded in 1999 is one of the biggest breweries in Russia and the largest in Ukraine. SUN Interbrew produces the beer in Russia under the brands Stella Artois, Beck's, Staropramen, Brahma, Hoegaarden, "Klinskoye", "Sibirskaya korona", "Tolstyak", "Volzhanin", "Rifey", "Permskoye Gubernskoye", "Bag Beer", "Pikur", "Premier", "Stalingradskoye" and "Piterskoye", and in Ukraine - Stella Artois, Beck's, ?aller, "Chernigovskoye", "Rogan" and "Yantar".

Barley News
UK: New malting barley varieties could gain market share quickly, according to experts

With over 80% of Scottish malting barley supplied by three ageing varieties – Chalice, Decanter and Optic, advances in breeding techniques mean new varieties could gain market share quickly, said Baird’s Malt’s Eddie Douglas, according to Farmers Weekly Interactive statement from February 7. “We need varieties that can give us good, sound grain quality and excellent malting potential.”

The Scottish Agricultural College’s cereals specialist, Steve Hoad expects the main new contenders to be Oxbridge, Troon, Westminster, Tipple and Appoloosa.

“Appoloosa, which is currently under test for provisional IoB [Institute of Brewing] approval, yields 10% more than Optic and, despite being (like Optic) weak on Rhynchosporium, could find favour among the distillers due to its low GN [glycosidic nitrile] level,” he noted.

“Malt distillers now require high hot water extract and spirit yield, whilst grain distillers require high enzyme potential – but both need non-GN producers,” explained Nickerson’s Mark Glew. He says that Oxbridge, which is provisionally approved by the IoB, is a non GN producer and yielded 105% on the SAC Recommended List, compared to 99% for Optic.

The variety also offers good disease resistance - rated seven for mildew and Rhynchosporium and also scores eight for brackling, he said.

“Overall, growers need a clear ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2004 February 07, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  116.00  139.50  120.00  144.50 
2RS  Prestige  115.00  138.50  119.00  143.00 
2RS  Cellar  115.00  138.50  119.00  143.00 
2RS  Sebastien  114.00  137.00  119.00  143.00 
2RS  Astoria  113.50  136.50  117.00  140.50 
2RS  Cork   114.50  137.50  117.00  140.50 
6RW  Esterel   103.00  124.00  106.00  127.50 
Theoretical malt prices.

  EURO = USD 1.2004 February 07, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Feb 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  244.50  293.50  259.00  310.50  259.00  311.00  261.50  313.50 
2RS  Prestige  243.50  292.00  257.50  309.50  257.50  309.50  260.50  312.50 
2RS  Cellar  243.50  292.00  257.50  309.50  257.50  309.50  260.50  312.50 
2RS  Sebastien  242.00  290.50  256.50  308.00  256.50  308.00  259.00  311.00 
2RS  Astoria  241.50  290.00  256.00  307.00  256.00  307.00  258.50  310.00 
2RS  Cork   242.50  291.50  257.00  308.50  257.00  308.50  259.50  311.50 
2RS   Average price  243.00  291.50  257.50  309.00  257.50  309.00  259.50  312.00 
6RW  Esterel   227.50  274.50  243.00  291.50  243.00  291.50  245.50  294.50 
*  Asia Malt 70/30  238.50  286.50  253.00  303.50  253.00  303.50  255.50  306.50 
**  Asia Malt 50/50  236.00  283.00  250.00  300.00  250.00  300.50  252.50  303.50 

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

Barley Prices Evolution

Source: E-Malt

Table of the week

EU Malt Export Licence Fixations

(in tonnes)   2001-2002   2002-2003   2003-2004  2004-2005   July 01, 2005 -
January 24, 2006  
 France   701,134  661,772  774,761  674,140  385,850 
 Germany   468,314  408,063  422,047  295,876  133,468 
 Belgium   296,368  287,850  317,292  418,344  287,158 
 U.K. 350,621  294,995  443,501  201,892  118,025 
 Finland   91,890  100,758  114,165  64,986  27,197 
 Denmark    96,812  94,791  90,452  74,743  33,972 
 Sweden   101,000  76,916  78,369  88,840  68,000 
 Netherlands   51,310  66,219  80,703  49,128  46,280 
 Ireland   35,145  31,140  38,900  56,924  7,001 
 Austria   8,840  8,620  60,211  16,954  13,575 
 Spain   2,400  5,640  10,000  -  - 
 Greece   1,744  1,306  979  130  - 
 Portugal   221  85  695  850  476 
 Italy   -  2  -  -  - 
 Total EU 15  2,205,799  2,038,157  2,432,075  1,942,807  1,121,002
 New EU members  May-June, 04     
 Czech Republic       34,340  82,062  37,306 
 Poland       7,604  32,084  - 
 Hungary       2,830  85,792  15,478 
 Slovakia       1,000  76,916  36,368 
 Total EU 25   2,205,799  2,038,157  2,477,849  2,219,661  1,210,256 

  Total Wheat malt, tonnes  
Total 2001-2002    12,805 
Total 2002-2003    30,908 
Total 2003-2004    15,768 
Total 2004-2005    8,162 
July 01 –January 24, 2006   2,271 
   
  Total Roasted malt, tonnes  
Total 2001-2002    23,480 
Total 2002-2003    23,603 
Total 2003-2004    24,438 
Total 2004–2005    27,212 
July 01 - January 24, 2006   13,407 
Newsletter SummaryTop
Graph of the week


Agenda

February 2006:
Food, Hotel & Tourism Bali 2006 The 6th International Exhibition
FRUCHTWELT BODENSEE International Trade Fair for Fruit, Berries, Hops and Destillation
World Brewing Academy International Diploma Conducted at the facilities of Siebel Institute...
ProdEXPO-2006 XIV International Fair-Exhibition.
AHA Membership Rally - New Belgium Brewing Co
August Schell Brewings' Annual Bock Fest...
Sarasota Rhythm & Brews
Florida's best beer festival
GrainWorld 2006

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
WORLD GRAIN CONFERENCE BANGKOK.
WorldFood / AgroWorld Uzbekistan International Exhibition 'Food Industry and Agriculture.
Brew and Beverage Industry - Beer Auction International Trade Fair

April 2006:
2006 Australian International Beer Awards
Helsinki Beer Festival 2006
Craft Brewers Conference & BrewExpo America 2006
BEER. WINES & DRINKS International Beer, Wine and Spirits Manufacturing Exhibition. Belarus
Wine & Spirits Asia International Exhibition of Wine, Spirits and Beer
Hevelius International Beer Festival - Beverages and Gastronomy Devices Fair

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