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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt 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
02 Mar - 03 Mar 2006
Crop 2005
2rs Barley €114.50-116.50   
6rw Barley €102.00-104.00   
2rs Malt €243.00-245.00 0.21%
6rw Malt €227.50-229.50 0.44%
Crop 2006
2rs Barley €114.00-116.00   
6rw Barley €104.50-106.50   
2rs Malt €239.50-241.50   
6rw Malt €227.00-229.00   

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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Dear E-malt Reader!

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Last five newsletters
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Newsletter 09a, 2006
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Newsletter 08b, 2006
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Newsletter 08a, 2006
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Newsletter 07b, 2006
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Newsletter 07a, 2006
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Newsletter 06b, 2006

Market price evolutions

The evolution of market prices for barley and malt, which are periodically issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!

Available market price evolutions
E-malt.com graphs
All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
Last five graphs

The graphs are updated from time to time. Just see the updates online on e-malt.com site !

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.

Last five tables
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E-malt.com Newsletter 09b
March 02 - March 03, 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 03-March-2006

1 EUR = 1.1945 USD
1 EUR = 0.6829 GBP
1 EUR = 1.3552 CAD
1 EUR = 1.6017 AUD
1 EUR = 138.732 JPY
1 EUR = 2.5258 BRL
1 EUR = 33.4812 RUB
1 EUR = 9.603 CNY
 Base Currency: US Dollar
on 03- March-2006

1 USD = 0.8373 EUR
1 USD = 0.5717 GBP
1 USD = 1.1345 CAD
1 USD = 1.3407 AUD
1 USD = 116.15 JPY
1 USD = 2.1146 BRL
1 USD = 28.0301 RUB
1 USD = 8.0395 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Vietnam: Krones AG laying the foundation stone for a new brewery in Ho Chi Minh-City... Click here

Italy: SABMiller launches $50 million Peroni campaign... Click here

Canada: Sleeman reports fourth quarter and fiscal 2005 results... Click here

Denmark & Iceland: FL Group increases its share in Royal Unibrew... Click here

Portugal: Budweiser appeals sales ban in Portugal... Click here

Philippines: San Miguel beats forecasts with profit rise... Click here

Germany: GlobalMalt becomes the leading malting group in Germany... Click here

More News
USA: United States Beverage completes agreement With Grolsch in the U.S. ... More Info

Denmark: Royal Unibrew posted the best profit before tax of DKK 297 million ... More Info

Australia: Country’s grain companies join forces to market wheat to Iraq ... More Info

UK: Budget 2006 - The British Beer & Pub Association puts case for tax stability ... More Info

USA: Coors Light to Donate $500 to Mile High United Way for Each Colorado Rockies Homerun Hit During Spring Training ... More Info

Canada: Molson Coors appoints Rosalind G. Brewer to its Board of Directors ... More Info

USA: Total annual revenue of about $90 billion registered by wholesalers of beer, wine and other alcoholic drinks ... More Info

Austria: Anti-inflammatory effect of beer demonstrated at Innsbruck Medical University ... More Info

Denmark: Carlsberg sells shopping centre under construction in Copenhagen ... More Info

Canada: Weekly barley exports total 81,500 metric tonnes ... More Info

USA: Coors move brews up headaches for farmers ... More Info

Japan: Kirin Brewery Company announced acquisition of Two Dogs brand ... More Info

Australia: US, EU pressure Australia to drop scandal-hit AWB's wheat monopoly ... More Info

Kazakhstan: In 2005 the country harvested 1.7 million metric tonnes of barley ... More Info



Brewery News
Vietnam: Krones AG laying the foundation stone for a new brewery in Ho Chi Minh-City

Krones AG, Neutraubling, Germany, announced on March 2 it is taking responsibility to build complete brewery for Sabeco in Saigon.

It’s the first time that Krones AG, Neutraubling, Germany, the globally operating manufacturer of bottling and packaging machinery, has also tackled construction work on such a large scale for one of its clients. Early this year, Vietnam’s leading brewery, Saigon Beer, Alcohol and Beverages (Sabeco), began construction of its biggest brewery, in the Cu Chi industrial zone of Ho Chi Minh City.

For around 120 million US dollars, it is building here a brewery dimensioned for an initial capacity of 1 million hl, which is scheduled to start operation within a mere 17 months, by mid-2007. The first filled bottle of beer will be leaving the brewery in May 2007. Krones bears overall responsibility for the entire construction work and the equipment as well. A quintessentially turnkey project.

Krones has thus taken fully on board the EPC (engineering, procurement, construction) idea, which subsumes the construction of the building, the entire engineering and the organisation of all subsuppliers. Krones is the main contractor, handling overall project management, with ultimate responsibility for both equipment and the construction work. The job package covers the buildings and ... More Info

Italy: SABMiller launches $50 million Peroni campaign

SABMiller plc, one of the world’s leading brewers, announced on March 2 that it will invest US$50 million over the next 18 months in a new global brand campaign for its international premium beer Peroni Nastro Azzurro. The campaign will incorporate a range of advertising and marketing initiatives based around an adaptation of Fellini’s 1960 masterpiece ‘La Dolce Vita’ – a film that encapsulated the essence of Italian style and spurred a global affection for all things Italian. The programme, which will roll out in the UK in April, will be followed by launches in the US, South Africa and Romania. The campaign will include cinema advertising, print and outdoor billboards set in the home of La Dolce Vita and Birra Peroni - Rome.

The new investment follows a year of successful rebranding of Peroni Nastro Azzurro in the UK and the introduction of the brand into the US, Romania and South Africa. Positioned as an icon of Italian style, Peroni has enjoyed positive growth in its international markets supported by creative marketing initiatives including Emporio Peroni – the exclusive non-shop shop on Sloane Street, London, high class brand association with other trendsetting categories, and innovative point of sale collaterals ... More Info

Canada: Sleeman reports fourth quarter and fiscal 2005 results

Sleeman Breweries Ltd. Released on March 2 its financial results for the fourth quarter and fiscal year ended December 31, 2005.

Fourth Quarter Financial Highlights

• Net revenue was $49.6 million compared to $53.8 million for the same period last year.

• Earnings before interest, taxes, depreciation and amortization (EBITDA) were $5.7 million compared to $9.7 million for the same quarter last year.

• Net earnings were $0.5 million or $0.03 cents per share, compared to $3.9 million in the fourth quarter of 2004.

“The fourth quarter of 2005 was a very challenging period for Sleeman due to the intense price competition the Company faced in all of its key Canadian markets, especially Quebec,” said John Sleeman, Chairman and CEO. “Our volumes and market share held up quite well in this environment. However, our revenue per hectolitre and profitability were impacted as we offered limited time offer discounts to remain competitive with those offered by the large national brewers and the smaller regional brewers who benefit from provincial tax subsidies. I am pleased to say that our cost reduction efforts continue to generate savings as we reduced our average cost of goods sold by $1 per hectoliter in the quarter.”


Twelve Month Financial Review
• Net revenue ... More Info

Denmark & Iceland: FL Group increases its share in Royal Unibrew

FL Group announced on March 1 it has increased its share in Royal Unibrew A/S and holds now 16,35% share in the company. A spokesperson of FL Group told to Dow Jones: “We believe in the company, and we believe in the brewery business.”

Last month (on February 15) FL Group said it purchased 10,7% share in the Danish Brewery for the marketvalue of the share of 4,2 billion Icelandic Krona.

Royal Unibrew is Scandinavia’s second largest Brewery. The Group consists of four Danish, two Lithuanian, two Polish, one Latvian breweries and one Latvian soft drink producer.

Brand names include Albani, Faxe, Ceres, Maribo and Thor in Denmark, and Tauras and Kalnapilis in Lithuania. Royal Unibrew has approx. 2.300 employess worldwide, and exports to approx 65 Countries. The company’s turnover for 2004 var equal to approx. 30 billion Icelandic Krona.

FL GROUP is an investment company with an emphasis on investments in the flight- and tourism industry. On the website you will find various information regarding the company and its operation.

Portugal: Budweiser appeals sales ban in Portugal

Anheuser-Busch has appealed a ruling by the European Court of Human Rights that stopped the beer maker from selling its Budweiser brand in Portugal, the court said Friday, March 3, according to The Associated Press.

The largest brewer in the United States has been battling with Czech brewery Budejovicky Budvar for the exclusive rights to the Budweiser name and others — such as Budvar — for over a century. Currently, they are involved in some 40 lawsuits worldwide.

Anheuser-Busch lodged the case with the Strasbourg court after Portugal's Supreme Court ruled in 2001 that the Czech brewery had the right to use the brand name in Portugal under a 1986 treaty between the two countries, which protects registered designations of origin.

In the first trademark dispute referred to Europe's human rights court, Anheuser-Busch argued the Portuguese decision violated its rights to the "peaceful enjoyment" of the trademark. It said the ruling infringed Article 1 of the European Convention on Human Rights, which guarantees individuals and companies protection of property.

But the human rights court ruled against Anheuser-Busch last October, saying the brewery's rights to the enjoyment of the trademark had not been breached because the company had never had the trademark registered in ... More Info

Philippines: San Miguel beats forecasts with profit rise

San Miguel Corp., the largest Philippine food and drinks company, reported a 3.3 % rise in 2005 net profit on Friday, March 3 beating expectations of a fall, thanks to contributions from overseas acquisitions, according to Reuters.

The Philippines' second-largest company said that after a difficult year of weak domestic beer sales, higher raw material costs and taxes, it was upbeat about prospects for 2006, largely due to its expanded foreign operations. "We will benefit from an expanded product mix and diversified business. Indeed today, San Miguel has a much more solid foundation for consistent, long-term growth," Finance Director Ferdinand Constantino said in a briefing to investors.

San Miguel generated unaudited net income of about 9.15 billion pesos ($179 million) last year against restated net profit of 8.86 billion pesos in 2004, confirming an earlier report by Reuters.

Analysts had forecast net profit of 7.67 billion pesos for 2005, according to Reuters Estimates.

Group revenues climbed 30 percent to 227 billion pesos in 2005, bolstered by San Miguel's $1.5 billion purchase last year of Australia's largest dairy firm, National Foods, its biggest deal yet.

President Ramon Ang told investors the group was still mulling an IPO of its Australian ... More Info

Malt News
Germany: GlobalMalt becomes the leading malting group in Germany

On 1 April 2006, Schill Malz GmbH & Co. KG and C. Thywissen GmbH will merge their brewing malt activities in a joint venture, in which both partners participate as equals. The administration of the new company will be based in the Rhine-Main- Neckar region. The management board will be formed from the managing directors of the two former companies, Dr. Carl Otto Schill, Peter Schill and Sjef Menu.

Sales and marketing activities for the malt will be combined with those of Tivoli Malz GmbH in the GlobalMalt group. With an annual malting capacity of 310 000 tonnes, the resulting company will be the largest malting group in Germany. GlobalMalt also operates a malting house in Bydgoszcz/Poland with a capacity of approx. 40 000 tonnes.

The locations of the malting houses complement each other ideally. As well as the malting house in Worms/Rhineland-Palatinate, Schill Malz also brings its stakes in Thuringer Malz with operations in Sangerhausen/Saxony-Anhalt and Clingen/Thuringia into the joint venture. The oldest plant in the group, located in Osthofen/ Rhineland-Palatinate, will be closed in order to increase the efficiency of the group. Thywissen operates one malting house in Mulheim-Ruhr/North Rhine-Westphalia and a further plant in Hurth/North Rhine-Westphalia. The ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.1945 March 03, 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  141.00  117.00  140.00 
2RS  Prestige  116.00  138.50  116.00  138.50 
2RS  Cellar  115.00  137.50  114.00  136.50 
2RS  Sebastien  114.00  136.50  114.50  137.00 
2RS  Astoria  114.00  136.50  114.50  137.00 
2RS  Cork   113.50  135.50  114.00  136.50 
6RW  Esterel   103.00  123.50  105.50  126.50 
Theoretical malt prices.

  EURO = USD 1.1945 March 03, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Mar 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  247.50  295.50  262.00  313.00  262.00  313.00  264.50  316.00 
2RS  Prestige  245.50  293.00  259.50  310.00  259.50  310.00  262.00  313.00 
2RS  Cellar  244.00  291.50  258.50  308.50  258.50  308.50  260.50  311.50 
2RS  Sebastien  242.50  290.00  257.00  307.00  257.00  307.00  259.50  310.00 
2RS  Astoria  242.50  290.00  257.00  307.00  257.00  307.00  259.50  310.00 
2RS  Cork   242.00  289.00  256.50  306.50  256.50  306.50  259.00  309.50 
2RS   Average price  244.00  291.50  258.50  308.50  258.50  308.50  261.00  311.50 
6RW  Esterel   228.50  273.50  243.50  291.00  243.50  291.00  246.00  294.00 
*  Asia Malt 70/30  239.50  286.00  254.00  303.50  254.00  303.50  256.50  306.50 
**  Asia Malt 50/50  236.50  282.50  251.00  299.50  251.00  300.00  253.50  302.50 

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

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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