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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
27 Feb - 01 Mar 2006
Crop 2005
2rs Barley €114.50-116.50 0.22%
6rw Barley €102.00-104.00   
2rs Malt €242.50-244.50 0.21%
6rw Malt €226.50-228.50   
Crop 2006
2rs Barley €114.00-116.00 2.20%
6rw Barley €104.50-106.50 0.48%
2rs Malt €239.50-241.50 1.23%
6rw Malt €227.00-229.00 0.22%

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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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 09a
February 27 - March 01, 2006
Quote of the week

"No poems can live long or please that are written by water-drinkers."
Horace, 65-8 BC

Currency Rates
Base Currency: Euro, EUR
on 28-February-2006

1 EUR = 1.1858 USD
1 EUR = 0.681 GBP
1 EUR = 1.3609 CAD
1 EUR = 1.6063 AUD
1 EUR = 137.895 JPY
1 EUR = 2.5404 BRL
1 EUR = 33.3608 RUB
1 EUR = 9.5381 CNY
 Base Currency: US Dollar
on 28-February-2006

1 USD = 0.8435 EUR
1 USD = 0.5743 GBP
1 USD = 1.1476 CAD
1 USD = 1.3546 AUD
1 USD = 116.306 JPY
1 USD = 2.1423 BRL
1 USD = 28.1329 RUB
1 USD =8.0434 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Czech Republic: Staropramen brewery to merge Prague units, close Branik... Click here

Mexico: FEMSA reports US$ 9.9 billion (Ps. 105.6 billion) of revenues for 2005... Click here

Hong Kong: San Miguel HK recorded 63.5 % increase in operating income... Click here

Malaysia: Early Chinese New Year helps Guinness Anchor Berhad interim results improve marginally... Click here

India & Japan: Sapporo Breweries is eyeing Indian beer market... Click here

Chile & Argentina: CCU S.A. reports consolidated fourth quarter 2005 and full year results... Click here

Canada: First CWB PRO for 2006-07 range from C$1 to C$5 per tonne lower for malting barley... Click here

Australia: ABB Grain said top up payments approved for pool barley growers... Click here

More News
China: The government announced breweries closing ... More Info

UK: The historic Gale brewery planned to be closed with the loss of 21 jobs ... More Info

Thailand: Boon Rawd Brewery is changing its name to Singha Corporation ... More Info

Latin America: Quilmes Industrial S.A. announces 2005 second half and full year results ... More Info

USA: Heineken USA introduced Heineken Premium Light ... More Info

Brazil: SABMiller might bid for Schincariol, according to media ... More Info

Russia: One week until Baltika shareholder meeting - active minority shareholder participation decisive ... More Info

EU: The latest barley tenders ... More Info

USA: Anheuser-Busch introducing its newest seasonal – Spring Heat Spiced Wheat ... More Info

UK: Diageo is targeting at-home drinkers with Guinness Draught Surger ... More Info

Czech Republic: Different strategic plans of the world’s beer giants in the country ... More Info

USA: Anheuser-Busch’s largest shareholder backed away ... More Info

Lithuania: The country wants to crack the local beer market, according to its president ... More Info

South Africa: SAB confirmed the stadiums would be without its brands during 2010 World Cup ... More Info

Kosovo: Provisional results of bids for Peja Brewery ... More Info

India: Mohan Breweries ranks 70th in the BS 500 listing ... More Info

Ukraine: About 295 thousand metric tonnes of barley exported during February 2006 ... More Info

USA: Heineken USA takes its first significant step into the world of Internet marketing ... More Info

USA: American Red Cross acknowledges The Gambrinus Company for its Donations to Hurricane Katrina and Rita Relief Effort ... More Info

Australia: Foster’s launches Community Grants ... More Info

UK: CAMRA has condemned the closing of Gales brewery in Hampshire ... More Info

Zambia: There is excessive beer drinking in Zambia, health minister said ... More Info

Russia: Diageo and A 1, an Alfa Group company, create strategic partnership for expansion in Russia ... More Info



Brewery News
Czech Republic: Staropramen brewery to merge Prague units, close Branik

Pivovary Staropramen, Czech beer producer, will close down its Prague-based unit Branik in the first quarter of 2007 and transfer its production to Staropramen, Pivovary Staropramen told CTK on February 24.

The move will require some 80 job cuts. Staropramen, also based in Prague, will take over production technologies from Branik and will be modernised with investment exceeding EUR 20 million (CZK 570 million).

"The Branik brewery has reached the maximum of its capacity and a further modernisation of the facility is not possible given its location and the fact that it is a national cultural heritage site," Pivovary Staropramen production and technical director Frantisek Samal said.

The Branik premises will probably be sold, Pivovary Staropramen spokeswoman Michaela Tryznova said.

Pivovary Staropramen operates three production units in the Czech Republic, namely Staropramen, Branik and Ostravar, and a distribution centre in Prague at present. Its parent company InBev plans to establish a centre in the Czech Republic this year for export activities for several European countries. It should give rise to more than 100 jobs.

InBev said today it wanted to create 295 new jobs in the Czech Republic and Hungary and cancel 360 jobs in western Europe within restructuring of ... More Info

Mexico: FEMSA reports US$ 9.9 billion (Ps. 105.6 billion) of revenues for 2005

Fomento Economico Mexicano, S.A. de C.V. (FEMSA) announced on February 27 its operational and financial results for the fourth quarter and full year 2005.

Fourth Quarter Highlights:

Domestic beer sales increased 8.4%, reflecting a 5.8% increase in sales volume and a 2.5% increase in real price per hectoliter.

Export beer volumes increased 9.9%, rounding off a solid year of top-line growth driven by our sales in the United States.

Coca-Cola FEMSA increased its total revenues by 2.9% and increased its operating income by 4.5%.

Oxxo continued its pace of double-digit growth, increasing revenues by 17.9% driven by 359 net new stores and an 8.6% increase in same-store sales. Operating margin expanded 130 basis points.

2005 Full Year Highlights:

Consolidated total revenues increased 9.0% and operating income increased 9.5%, reflecting solid top-line results across the businesses.

Coca-Cola FEMSA increased its total revenues by 5.0% while expanding its operating margin 60 basis points to reach 17.3% of revenues.

FEMSA Cerveza achieved strong domestic volume growth of 4.9% and U.S. export volume growth of 8.8%, which outpaced the import category.

Oxxo again grew its store base by a record number of openings: 675 net new stores, to finish the year with 4,141 Oxxos.

Consolidated net ... More Info

Hong Kong: San Miguel HK recorded 63.5 % increase in operating income

San Miguel Brewery Hong Kong Ltd. reported on February 27 a 2005 consolidated gross revenue of HK$1.27 billion, compared with HK$1.26 billion in 2004. Gross revenue in Hong Kong grew 1.0 percent to HK$704 million and gross revenue in mainland China remained stable at HK$564 million, it said, according to INQ7.net.

Hong Kong operations recorded a 63.5 % increase in operating income to HK$15.2 million, the company said. Flagship brand "San Miguel" retained its standing as the leading beer brand in Hong Kong, it said.

San Miguel is the largest player in the Hong Kong beer market with total market share of about 29 percent.

Commenting on the company's China strategy, San Miguel president and chief operating officer Ramon Ang said, "Our priority in our China operations is to gain momentum and improve competitiveness and build on buoyant demand for our highly popular local brand."

Malaysia: Early Chinese New Year helps Guinness Anchor Berhad interim results improve marginally

Guinness Anchor Berhad (GAB) posted on February 21 a marginal 2.7 % increase in group revenue to RM559.495 million for the half year ended 31 December 2005 from RM544.783 million in the preceding corresponding period.

Group pre-tax profit for the half year increased by 14.6 percent to RM91.978 million from RM80.288 million for the half year ended 31 December 2004 while net profit improved by 14.3 percent to RM66.247 million from RM57.945 million previously.

For the quarter ended 31 December 2005, group revenue was down 2.9 percent to RM254.863 million over the preceding corresponding quarter while pre-tax profit showed a slight improvement of 4.6 percent to RM41.464 million.

GAB Managing Director Theo de Rond said, although pre-tax and net profit for the half year were higher, this was largely due to stocking up by the market in preparation for the early Chinese New Year. He, however, noted that revenue for the last three months of 2005 was much lower and this was a clear reflection of the impact of consecutive duty hikes imposed by the Government on the industry.

“From Budget 2004 to Budget 2006, we have had three consecutive years of duty increases resulting in substantially higher beer and stout prices and lower ... More Info

India & Japan: Sapporo Breweries is eyeing Indian beer market

Sapporo Breweries Ltd., one of the leading Japanese beer makers, is planning to enter India market in the near future. An official from Sapporo is expected to visit India during the third week of March to explore opportunities in the country, according to Business Line. Sapporo Breweries is either to create a joint venture or to acquire breweries in the country, Sify Business News posted on February 25.

"Nobody wants to miss out on one of the fastest growing markets in the world," a consultant with the beer industry said. The official is expected to hold meetings with major beer companies in India before finalising plans for the company's foray into the country, sources said.

Sapporo's trump card to make an immediate presence in the country could be its `third beer' brand, Draft One, a beer-like low-alcohol beverage, which it might bring into India, though it could still face competition from the country's booming strong beer market.

While beer is made from malt, third beers use pea or soy protein or soy peptide and have light and crisp taste. They have found an instant market in Japan beating even mainstream beer brands there. At the same time, sales of the big ... More Info

Chile & Argentina: CCU S.A. reports consolidated fourth quarter 2005 and full year results

Compania Cervecerias Unidas S.A. (CCU) announced on February 28 its consolidated financial results, stated in Chilean GAAP for the fourth quarter and full year ended December 31, 2005. For the forth quarter revenues up 13.4%, Operating Income increased 9.7%, EBITDA(1) up 7.3%,
Net Income decreased 20.6% to US$0.59 per ADR. All US dollar figures are based on the exchange rate effective December 31, 2005 (US$1.00 = Ch$512.50).

CCU’s CEO commented:

“2005 was a record year for CCU. Volumes reached 12.3 million hectoliters, consolidated revenues grew to Ch$492,047 million (US$960.1 million), operating income increased to Ch$66,470 million (US$129.7 million) and EBITDA reached Ch$107,609 million (US$210.0 million).

CCU also had a positive fourth quarter of 2005. Consolidated revenues grew by 13.4%, operating income increased 9.7% and EBITDA grew by 7.3%. These good results are attributable to higher volumes and prices in almost all of our business segments. The increases in volumes were partially attributable to the higher investment in marketing, which reflects CCU’s commitment to compete through the creation of brand value in order to ensure the long-term sustainability of the Company.

All business segments improved their results during Q4’05, with the exception of wine. Without considering Viña San Pedro (VSP), affected by the appreciation of ... More Info

Barley News
Canada: First CWB PRO for 2006-07 range from C$1 to C$5 per tonne lower for malting barley

The CWB released on February 27 its first Pool Return Outlook (PRO) for the 2006-07 crop year. The 2006-2007 feed barley PRO (Pool A) is down C$12 per tonne, while malting barley PROs range from C$1 to C$5 per tonne lower, compared to the February PRO for the 2005-06 crop year.

Feed barley
Global feed barley import demand is projected to decline in 2006-07, due primarily to increased barley production in North Africa and the Middle East. Barley production is also projected to increase in the Black Sea region, as Ukraine and Russia are expected to increase spring barley area due to greatly reduced winter wheat area. Burdensome Australian barley supplies are expected to weigh on export values over the next number of months until its supply situation eases. Barley production in the European Union is expected to increase, but the EU has not been aggressive in subsidizing exports. Canada's potential for feed barley exports will be influenced by the volume of the Canadian domestic crop, ocean freight rates, and foreign exchange.

Designated barley
Global malting barley trade is projected to increase due to stronger demand in China and the United States. Rising beer production in China will continue to increase malting barley demand, ... More Info

Australia: ABB Grain said top up payments approved for pool barley growers

ABB Grain Ltd announced on February 28 that its board has approved a top up payment for growers who have supported its pools of up to A$15/tonne.

ABB’s general manager marketing, Nigel Officer, said the top up of $15/tonne for feed barley No.1 and A$7.50/tonne for malting barley No.1 would be paid on March 9 and apply to ABB’s 2005/2006 standard loan and traditional pools.

“This year the barley pool is nearly two million tonnes and ABB has to make some judgments regarding the value of what the unsold barley is,” he said.

“As our selling season progresses we’re now in a stronger position to make additional payments to growers – and this is what the top up is. It’s a payment process that’s been well established with growers and will continue.”

Mr Officer said that growers who didn’t wish to receive the March 9 top up should notify ABB by close of business on March 3. “They will, however, be able to return this money and will not be charged interest, if it’s returned before the end of March,” he said.

The top up payments are in addition to the harvest advances of A$132/tonne for malting barley and A$123/tonne for feed barley announced by ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.1858 February 28, 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  140.00  117.00  139.00 
2RS  Prestige  116.00  137.50  116.00  137.50 
2RS  Cellar  115.00  136.50  114.00  135.50 
2RS  Sebastien  114.00  135.50  114.50  136.00 
2RS  Astoria  114.00  135.50  114.50  136.00 
2RS  Cork   113.50  134.50  114.00  135.50 
6RW  Esterel   103.00  122.50  105.50  125.50 
Theoretical malt prices.

  EURO = USD 1.1858 February 28, 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  247.00  293.00  261.50  310.00  261.50  310.00  264.00  313.00 
2RS  Prestige  244.50  290.00  259.00  307.00  259.00  307.00  261.50  310.00 
2RS  Cellar  243.50  288.50  257.50  305.50  257.50  305.50  260.50  308.50 
2RS  Sebastien  242.00  287.00  256.50  304.00  256.50  304.00  259.00  307.00 
2RS  Astoria  242.00  287.00  256.50  304.00  256.50  304.00  259.00  307.00 
2RS  Cork   241.50  286.50  256.00  303.50  256.00  303.50  258.50  306.50 
2RS   Average price  243.50  288.50  258.00  305.50  258.00  305.50  260.50  308.50 
6RW  Esterel   227.50  271.00  243.00  288.00  243.00  288.00  245.50  291.00 
*  Asia Malt 70/30  239.00  283.50  253.50  300.50  253.50  300.50  256.00  303.50 
**  Asia Malt 50/50  236.00  280.00  250.50  297.00  250.50  297.00  253.00  300.00 

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

Australian Barley Supply and Disposal 2001-2006f


in thousand tonnes 2001-2002 2002-2003 2003-2004 2004-2005 s 2005-2006 f
Production 8 280 3 865 10 382 7 708 9 869
   Domestic use 2 535 2 016 2 476 2 685 2 690
   malt and other human use 161 165 168 172 176
   feed 2 200 1 650 2 100 2 300 2 300
   seed 174 201 208 213 214
 Exports  5 274 2 608 6 996 4 862 5 881
   as malting barley 1 705 1 099 2 135 1 464 1 868
   malt (grain equivalent) 600 624 624 601 619
   feed barley 2 971 885 4 241 2 798 3 399

s - ABARE estimated, f-ABARE forecast, source - ABARE February, 2006

Australia Barley crops by states

Barley  2005-2006 current ABARE estimate  2005-2006 previous ABARE estimate  2004-2005 ABS preliminary estimate  Five year average to 2003-2004 
New South Wales  Area  1 015  660  1 000  669 
Prod.  2 245  1 610  1 711  1 212 
Victoria  Area  937  810  907  726 
Prod.  2 059  1 700  1 275  1 454 
Queensland  Area  156  140  107  119 
Prod  259  245  195  190 
Western Australia  Area  1 303  1 120  1 289  1 008 
Prod.  2 598  2 352  2 478  1 851 
South Australia  Area  1 317  1 089  1 304  1 089 
Prod  2 685  2 500  2 018  2 128 
Tasmania  Area  11  11  8  9 
Prod.  23  23  30  25 
Area in '000 ha. Prod. in kt.
Newsletter SummaryTop
Graph of the week


Agenda

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
93 INTERNATIONAL BREWING AND ENGINEERING CONGRESS
MBAA Brewery Packaging Technology Course

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
4TH BREWING RAW MATERIAL SEMINAR (ROHSTOFFSEMINAR)
World Beer Cup Competition Judging
BREWER 2006
World Beer Cup Gala Awards Dinner
Spring Beer & Wine Festival

May 2006:
THE 4 th EUROPEAN BEER AND HEALTH SYMPOSIUM
10th Annual Boonville Beer Festival
TwinTrack Brewing Microbiology Program
ALCO + SOFT International Specialized Exhibition of Drinks
Beer International Brewing Technology Exhibition
Iran food and drink tec International Food, Drink and Packaging Technology Trade
Mondial de la Biere Windsor Station & Courtyard


More events are available on site e-malt.com
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