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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
Malt price evolution
Table of the week
Graph of the week
Agenda
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Average market prices
Change trend
13 Mar - 15 Mar 2006
Crop 2005
2rs Barley €115.50-117.50   
6rw Barley €102.00-104.00   
2rs Malt €244.50-246.50   
6rw Malt €227.50-229.50   
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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Newsletter 08b, 2006

Market price evolutions

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E-malt.com Newsletter 11a
March 13 - March 15, 2006
Quote of the week

"I work until beer o'clock."
Stephen King

Currency Rates
Base Currency: Euro, EUR
on 15-March-2006

1 EUR = 1.1976 USD
1 EUR = 0.6893 GBP
1 EUR = 1.387 CAD
1 EUR = 1.6312 AUD
1 EUR = 141.687 JPY
1 EUR = 2.5529 BRL
1 EUR = 33.5275 RUB
1 EUR = 9.639 CNY
 Base Currency: US Dollar
on 15- March-2006

1 USD = 0.8351 EUR
1 USD = 0.5756 GBP
1 USD = 1.1581 CAD
1 USD = 1.362 AUD
1 USD = 118.315 JPY
1 USD = 2.1317 BRL
1 USD = 27.9958 RUB
1 USD = 8.0487 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Slovakia: SABMiller has received permission to takeover Topvar brewery... Click here

USA & Singapore: Anheuser-Busch to unleash Tiger Beer in United States... Click here

Russia: Heineken to focus on Russian market as China is "not an easy nut to crack"... Click here

Japan: February shipments of beer and beer-like alcoholic beverages increased by 11.8%... Click here

Belarus: The sale of beer will be restricted for the health sake... Click here

Russia: Russky Solod is provided a EUR15 mln syndicated loan... Click here

EU: New crop prospects are indicating a large crop of winter barley... Click here

China: In January 2006 China imported about 172,000 tonnes of barley... Click here

More News
USDA: World barley trade changes in 2005/2006 ... More Info

Portugal & Angola: Empresa de Cervejas da Madeira wants 5 % of Angolan beer market in 2006 ... More Info

USA: Anheuser-Busch stock rises on brokerage upgrades ... More Info

Bulgaria: Domestic January-February beer sales increased by 32% year-on-year ... More Info

Russia: Russian President Putin signs new law on beer advertising ... More Info

India: United Breweries and Scottish & Newcastle completed the transaction to acquire 20% in Alcobev ... More Info

UK: W&DB s' board director listed in UK's "Top 100 Performers" ... More Info

India: SABMiller and S&N interested in taking over Foster's India ... More Info

Mexico: Mexican stocks firmed on Monday, driven by brewer Modelo ... More Info

China: China Resources Enterprise announces changes to the board of directors & senior management ... More Info

Mexico: FEMSA Stockholders approve dividend increase ... More Info

Russia & Ukraine: Estimate of winter kill is of 25-30% ... More Info

Turkey: Barley export tender is announced by the Turkish Grain Board ... More Info

Ukraine: Ukrainian exporters concluded contracts for 3.74 million tones of feed barley ... More Info

Philippines: Rapid International Gains Pace SMC Growth, Consolidated revenue grows to P226.9 billion ... More Info

East Africa: EABL accounts for 1.9 % of Diageo's half year profits ... More Info

USA: Granite City Food & Brewery revenues increased by 18.1% for the full year 2005 ... More Info

Russia: Baltika Finance Vice-Presidents receive new challenges ... More Info

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

USA: Specialty beer business growing in Wisconsin ... More Info

UK: The Society of Independent Brewers launches its Local Brewing Business ... More Info



Brewery News
Slovakia: SABMiller has received permission to takeover Topvar brewery

SABMiller, one of the world's largest brewers, has received permission from the Slovak anti-monopoly agency on March 14 to acquire Slovakia's third-largest brewery, Topvar, in a deal with an estimated value of $15-million, according to media sources.

SABMiller confirmed on March 14 that Slovakia's anti-monopoly agency PMU had given its stamp of approval to the deal, saying it did not threaten competition. SABMiller already owns the country's largest brewer, Saris.

The $15m was expected to lift London-based SABMiller to the No 1 position among Slovakia's beermakers, overtaking its Dutch rival Heineken.

SABMiller announced plans to buy out Topvar's small shareholders last May, when the company's hometown of Topolcany agreed to sell its 15% stake.

SABMiller and Heineken have been buying Slovak breweries for several years and together control an estimated 80% of the market. SABMiller already owns the country's largest brewer, Saris, while Heineken controls another local favourite, Zlaty Brazant.

SABMiller spokesperson James Crampton said the company expected the transaction to close in the "next week or two", as there were still some technical requirements that needed to be finalised.

Topvar sold 569 000 hectolitres of beer in 2004, and had a net asset value of $15.2-million. Industry analysts said ... More Info

USA & Singapore: Anheuser-Busch to unleash Tiger Beer in United States

Singaporean, Asia Pacific Breweries, and Anheuser-Busch announced on March 13 that Anheuser-Busch will become the U.S. importer of Tiger Beer, a leading premium brew from Singapore, expanding the American brewer's portfolio in the growing U.S. import category, the two brewers jointly announced today.

The agreement gives Tiger Beer access to Anheuser-Busch's broad marketing and sales expertise and to its wide-reaching U.S. distribution network, which is considered the best in the industry. The deal follows the recent announcement of a similar partnership with the Dutch brewer, Grolsch, continuing an aggressive push by Anheuser-Busch into the high-end beer category.

"Tiger Beer is recognised as one of Asia's finest beer exports," said August A. Busch IV, president of Anheuser-Busch Inc. "Tiger Beer is a high-quality, premium brand that is a perfect complement to our growing portfolio of import beers."

The new agreement significantly broadens Tiger Beer's U.S. distribution opportunities by giving Asia Pacific Breweries access to Anheuser-Busch's network of nearly 600 independent wholesalers. In return Anheuser-Busch wholesalers will have the opportunity to add this exotic and sophisticated Asian beer that has been warmly received in markets such as Europe, Australia and North America. Last year, the brand recorded high, double-digit growth in the ... More Info

Russia: Heineken to focus on Russian market as China is "not an easy nut to crack"

Dutch brewer Heineken NV’s chief executive said in a newspaper interview on Monday, March 13 the brewery would concentrate on expanding on Russian beer market, after struggling to grow in the Chinese market, according to Reuters.

Jean-Francois van Boxmeer told Het Financieele Dagblad that China -- the world's fastest-growing market for beer and accounting for 16 % of global consumption -- was "not an easy nut to crack".

In particular the higher cost of Heineken beer and its bitter flavour to Chinese tastes posed problems, Van Boxmeer said. "The price difference between premium and standard beer is much wider there than the 40% seen elsewhere. We can't let the price drop too much, otherwise it becomes attractive for people to export locally produced Heineken to Australia and Japan," Van Boxmeer said.

"We can't let the price drop too much, otherwise it becomes attractive for people to export locally produced Heineken to Australia and Japan."

Heineken is the world's fourth-largest brewer in terms of sales.

Russia's beer market is also growing fast, however, and Heineken has expanded its position with a string of buys, gaining it a 14 percent market share, he said. Heineken had sufficient scale and beer brands to ... More Info

Japan: February shipments of beer and beer-like alcoholic beverages increased by 11.8%

Shipments of beer and beer-like alcoholic beverages by Japan's top five brewers surged 11.8 % in February from a year earlier for the second straight monthly rise, partly because those of so-called third-category beer fared well, industry figures showed Monday, March 13, according to Kyodo News.

The overall shipment figure posted double-digit growth for the first time in one and a half years, according to the Brewers Association of Japan and beer brewers.

Shipments by Kirin Brewery Co., Asahi Breweries Ltd., Sapporo Breweries Ltd., Suntory Ltd. and Orion Breweries Ltd. came to a total of 33.22 million cases. One case holds 20 633-milliliter bottles.

Kirin appears to have taken the top position with the biggest market share, keeping Asahi in second place for the second month in a row.

Shipments of the third-category beer, or beer-like sparkling drinks, nearly tripled to 7.00 million cases, accounting for 21.1 percent of the market. Products in this category are cheaper than both regular and low-malt beer, known as "happoshu," as they are subject to a lower tax rate.

Shipments of regular beer posted a sizable 9.3 percent gain to 16.71 million cases for the second consecutive monthly rise, while happoshu shipments dropped 21.0 ... More Info

Belarus: The sale of beer will be restricted for the health sake

Belarus authorities will impose restrictions on retail trade in beer and low-alcoholic drinks, Itar-Tass communicated on March 13.

The sale of beer and low-alcoholic drinks will be banned in trade outlets located at educational institutions, health institutions, children’s theatres and institutions, industrial enterprises and at construction sites.

Beer and low-alcoholic drinks will also be banned in buildings that house governmental agencies, at sport facilities, and service stations, as well as through mobile trade outlets and vending machines.

The restrictions will apply mainly to places that are frequented by young people. The new rules will become effective three months after official publication.

Malt News
Russia: Russky Solod is provided a EUR15 mln syndicated loan

ОАО "Russky Solod", being under control of Avangard Bank, has attracted a syndicated loan facility in the amount of EUR 15 million, the Bank's press service reported on March 14, according to AK&M.

The loan, arranged by Credit Swiss and Nordkap Bank, is provided for a term of five years. The purpose of the loan is to refinance credits extended by Avangard Bank for construction of malting plant in Ostrogozhsk. This year "Russky Solod" intends to attract no less than EUR 50 million from the foreign banks.

"Russky Solod" is the biggest in Russia and one of the largest in Europe producers of light brewer's malt.

Barley News
EU: New crop prospects are indicating a large crop of winter barley

New crop prospects are indicating a large crop of winter barley, albeit feed barley, as France planted much less of Esterel and Vanessa varieties, according to analysts. Total winter barley acreage in France is up from 1.048 to 1.096 million ha, and in Germany even from 1.360 to 1.475 million ha.

Forecasts of spring barley acres are down everywhere, nowhere as much as in Germany, where the Raiffeisen Assn. estimates a reduction from 606,000 to 500,000 ha. Many local experts believe that the final figure will be higher, and we are using 525,000 ha in our estimates below (official and private figures) of the most important malting barley producers of the EU.

China: In January 2006 China imported about 172,000 tonnes of barley

In January 2006 China imported about 172,000 tonnes of barley, of which 86,000 tonnes from Canada, 78,000 tonnes from Australia and 7,000 tonnes from France.

In 2005 the country imported 2.179 million tonnes of malting barley, an increase of almost 30 % from a year earlier. Main suppliers were Australia with 1.16 million tonnes, Canada with 705,000 tonnes and France with 297,000 tonnes.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.1976 March 15, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  119.00  142.50  117.00  140.50 
2RS  Prestige  117.00  140.50  116.00  139.00 
2RS  Cellar  116.00  139.00  114.00  136.50 
2RS  Sebastien  115.00  138.00  114.50  137.50 
2RS  Astoria  115.00  138.00  114.50  137.50 
2RS  Cork   114.50  137.50  114.00  136.50 
6RW  Esterel   103.00  123.50  105.50  126.50 
Theoretical malt prices.

  EURO = USD 1.1976 March 15, 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  249.00  298.00  263.00  315.00  263.50  315.50  265.50  318.00 
2RS  Prestige  246.50  295.00  260.50  312.50  261.00  312.50  263.50  315.50 
2RS  Cellar  245.50  293.50  259.50  310.50  259.50  311.00  262.00  313.50 
2RS  Sebastien  244.00  292.00  258.50  309.50  258.50  309.50  260.50  312.50 
2RS  Astoria  244.00  292.00  258.50  309.50  258.50  309.50  260.50  312.50 
2RS  Cork   243.50  291.50  257.50  308.50  257.50  308.50  260.00  311.50 
2RS   Average price  245.50  293.50  259.50  311.00  259.50  311.00  262.00  314.00 
6RW  Esterel   228.50  274.50  243.50  291.50  243.50  291.50  246.00  294.50 
*  Asia Malt 70/30  240.50  288.00  254.50  305.00  255.00  305.00  257.50  308.00 
**  Asia Malt 50/50  237.50  284.00  251.50  301.50  251.50  301.50  254.00  304.50 

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

Malt Market Prices Evolution

Source: E-Malt.com

Table of the week

World Per Capita Beer Consumption , 2004

Rank Country Consumption per capita, l Total consumption, in mln l
1  Czech Republic  156.9  1,878 
2  Ireland  131.1  521 
3  Germany  115.8  9,555 
4  Australia  109.9  1,678 
5  Austria  108.3  885 
6  UK  99  5,920 
7  Belgium  93  970 
8  Denmark  89.9  486 
9  Finland  85  437 
10  Luxemburg  84.4  39 
11  Slovakia  84.1  456 
12  Spain  83.8  3,376 
13  US  81.6  23,974 
14  Croatia  81.2  365 
15  Netherlands  79  1,269 
16  New Zealand  77  313 
17  Hungary  75.3  755 
18  Poland  69.1  2,670 
19  Canada  68.3  2,183 
20  Portugal  59.6  627 
21  Bulgaria  59.5  448 
22  South Africa  59.2  2,530 
23  Russia  58.9  8,450 
24  Venezuela  58.6  1,525 
25  Romania  58.2  1,302 
26  Cyprus  58.1  45 
27  Switzerland  57.3  426 
28  Gabon  55.8  76 
29  Norway  55.5  249 
30  Mexico  51.8  5,435 
31  Sweden  51.5  464 
32  Japan  51.3  6,549 
33  Brazil  47.6  8,450 
34  South Korea  38.5  1,897 
35  Colombia  36.8  1,658 
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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