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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
16 Mar - 17 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 11a, 2006
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Newsletter 10b, 2006
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Newsletter 10a, 2006
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Newsletter 09b, 2006
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Newsletter 09a, 2006
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Newsletter 08b, 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 11b
March 16 - March 17, 2006
Quote of the week

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

Currency Rates
Base Currency: Euro, EUR
on 17-March-2006

1 EUR = 1.209 USD
1 EUR = 0.6912 GBP
1 EUR = 1.3964 CAD
1 EUR = 1.64 AUD
1 EUR = 141.979 JPY
1 EUR = 2.5571 BRL
1 EUR = 33.5797 RUB
1 EUR = 9.7207 CNY
 Base Currency: US Dollar
on 17- March-2006

1 USD = 0.8273 EUR
1 USD = 0.5717 GBP
1 USD = 1.1551 CAD
1 USD = 1.3566 AUD
1 USD = 117.44 JPY
1 USD = 2.1151 BRL
1 USD = 27.7759 RUB
1 USD = 8.0406 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Germany: The world's sixth largest maltster, Friedrich Weissheimer Malzfabrik KG, bankrupts... Click here

Russia: Baltika Breweries 2005 Annual Results... Click here

Malaysia: Beer and stout sales volume has dropped by 9%... Click here

Peru: SABMiller offer to acquire class I non-voting stock in Peru... Click here

Australia: Foster's intending to sell its breweries from overseas... Click here

Angola & Portugal: Unicer is to invest 150 million euros in Angolan factory... Click here

Denmark: Carlsberg expands market for draught beer... Click here

USA: A new developed two-rowed barley variety in North Dakota... Click here

Australia: Hops harvest down. Only six hops producers left in Victoria... Click here

More News
Ukraine: “Baltika” beer will be produced in Ukraine by Slavutich Brewery ... More Info

Australia: Lion Nathan not intending to extend bid Coopers ... More Info

World: Forecast for world barley production in 2005-2006 by different analysts ... More Info

Ireland: Notification of interest in Greencore shares ... More Info

Philippines: San Miguel sees strong growth in 2006 ... More Info

Australia & Japan: Lion Nathan / Kirin Relationship ... More Info

Australia: New malting barley to boost Western Australia’s exports ... More Info

Denmark: Summary of Carlsberg’s Annual General Meeting ... More Info

UK: Green Kings announces additional listing ... More Info

Bulgaria: Exports of barley were about 170,000 metric tonnes this season ... More Info

USA: Beck’s and Beck’s Premier Light launch multicultural advertising campaign ... More Info

India: India’s United Breweries (UBL) ranks 284th in the BS 1000 listing of top Indian companies ... More Info

Russia: Baltika invests 32 million euro to expands production ... More Info

World: The latest barley purchases and tenders ... More Info

Vietnam & USA: First five containers of Dai Viet beer are being shipped to USA ... More Info

Russia: Russians' loyalties back to "English" dark beers ... More Info

Australia: Joe White Maltings sponsors Asia-Pacific malting spotlight on Australia ... More Info

Nigeria: Sona Breweries is to Invest N125bn in New Products creating hundreds of jobs ... More Info

Russia: Tax authorities claim more than $14 million euros from Baltika ... More Info

Canada: Canada exported more barley this market year ... More Info

Ukraine: Baltika Breweries Ukraine has appointed a new chief executive. ... More Info

Malaysia: Guinness Anchor Brewery hopes the Government will not increase excise duty for malt liquor ... More Info

USA: Montana’s barley varieties performance trials ... More Info

Italia: Heineken Italia sold more than 5.8 million hectolitres of beer in 2005 ... More Info

Canada: Lakeport Brewing Income Fund Announces Monthly Cash Distribution ... More Info

Canada: Consumers’ Association finds BC consumers paying millions more at private liquor stores ... More Info

EU:Researches on beer’s health benefits ... More Info



Malt News
Germany: The world's sixth largest maltster, Friedrich Weissheimer Malzfabrik KG, bankrupts

Friedrich Weissheimer Malzfabrik KG declared on March 16 about its bankrupcy. According to market analysts this fact confirms that the actual malt prices level will bring most of the maltsters into bankruptcy if no substantial prices improvement happens soon.

The Managing Partners of the Friedrich Weissheimer Malzfabrik KG announced on Thursday, March 16, the insolvency procedure for the company to the local court.

H.-G. Sarx and H. Weissheimer said: “The investment activities into new malting companies in Eastern Europe in the 90th on one hand and the low margin in the malt business during the past years on the other hand reduced the equity of the company below the necessary level.

Therefore, in co-ordination with our supervisory board and the banks, the company negotiated the increase of equity with 3rd partners. A few days ago, the binding offer of a financial investor was accepted by the company and the banks, but was blocked by one single regional bank.

As a consequence, the other banking partners withdrew their support to the company. View the value of the malting plants, the financial assets of the company and the good will which European and international clients extended to the company, we assume that the insolvency administrator will try to maintain ... More Info

Brewery News
Russia: Baltika Breweries 2005 Annual Results

Baltika Breweries reported on March 16 its annual results. The Company's financial results for the year 2005 reported in accordance with International Financial Reporting Standards (IFRS) are as follows:

RECORD ANNUAL SALES AND THE INTEGRATION PROCESSES ENSURED GOOD PROFIT GROWTH

The Company has demonstrated high financial and operational performance in its 2005 annual results.
Sales by volume: 22.7 million hectoliters, + 13.8%
Sales of beer by volume: 22.4 million hectoliters, +13.1%
Net sales: 977.2 million EURO, +22.2%
Gross profit: 507.5 million EURO, + 33.1%
EBITDA: 302.9 million EURO, +37.6%
EBIT: 233.0 million EURO, +44.4%

The 2005 results show that even in conditions of increasing competition and consolidation of the market Baltika has noticeably strengthened its position.

CONFIDENT LEADERSHIP ON THE MARKET

The sales volume of all the products of the Company grew by 13.8% compared to 2004, while sales growth of beer amounted to 13.1 %. The Company's growth was more than twice that of the Russian beer market, which stood at 6%. Baltika accounted for almost 50% of the growth of the Russian market.
Baltika's share of the Russian market grew to 24.1%, a rise in share of 5.7 percentage ... More Info

Malaysia: Beer and stout sales volume has dropped by 9%

Beer and stout sales volume has dropped by 9% in the last six months due to the increase in duty for those products last year, said Guinness Anchor Bhd managing director, Theo de Rond. He said the company was hoping the government would not impose another duty hike this year as it could impact the industry.

De Rond said the three consecutive duty hikes over the last three years had resulted in a 30% increase in beer prices and had led to a decrease in sales volumes De Rond said Malaysia had one of the highest excise duties, second only to Norway. Yet, he said the disposable income in Norway was much higher compared to Malaysia. If sales volume continued to drop, he said, the government’s revenue from beer sales would also be impacted.

For the second quarter ended Dec 31, 2005, Guinness posted a 2.95% drop in revenue to RM254.86 million due to lower sales volume but managed to record a net profit increase of 4.45% to RM29.91 million because of operational efficiency.

Peru: SABMiller offer to acquire class I non-voting stock in Peru

SABMiller plc announced that, on March 16, 2006, it made an offer on the Lima Stock Exchange for 100% of the investment shares (class I non-voting stock) of Union de Cervecerias Peruanas Backus & Johnston S.A.A. ("Backus"), at a cash price of Peruvian nuevos soles 2.47 per share (“the Offer”).

The Offer will remain open for tender for ten trading days. Assuming 100% acceptance of the Offer, at current exchange rates, SABMiller’s cash requirement for the Offer is expected to be approximately US$400 million.

On October 12, 2005, SABMiller announced the completion of the merger through which it acquired a controlling interest in Bavaria, the second largest brewer in South America. As a result of the merger, Backus became an indirect subsidiary of SABMiller.

Backus is Peru's largest brewer and is listed on the Lima Stock Exchange.

SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the ... More Info

Australia: Foster's intending to sell its breweries from overseas

Australia's biggest beer and wine maker Foster's Group Ltd. is seeking to sell its overseas breweries for up to A$200 million, sources close to the situation said on March 15, Reuters reported.

The disposal is likely to attract interest from groups such as Scottish & Newcastle and SABMiller, as international brewers seek to gain from fast-growing Asian beer markets.Foster's, whose amber nectar is one of Australia's most heavily promoted overseas brands, is looking to focus on its domestic beer business and its expansion into wine.The Melbourne-based group is looking to sell its international side, with operations in India, Vietnam, China, Fiji and Samoa, but wants to keep control over the brand and collect royalty streams, as in Europe, the sources said.

Foster's spokesman Troy Hey declined comment on a possible sale. "All we can say is that they (the Asian breweries) are performing very well. We have a complete commitment to the Foster's brand in Asia," he said.S&N and SABMiller declined to comment.

The two British-based brewers, S&N and SABMiller, are seen as leading contenders in an auction due to their existing Foster's relationships. The former controls the brand in Europe and the later in the United States. Both are also keen to ... More Info

Angola & Portugal: Unicer is to invest 150 million euros in Angolan factory

Unicer Group, Portugal’s biggest beer maker, plans to invest 150 million euros in a beer factory in Angola, a country in which is currently its largest export market, the company's chairman has said on March 16, according to MacauHub.

Speaking to Portuguese daily Publico, Ferreira de Oliveira said that the new unit based in Bom Jesus, on the outskirts of Luanda, which will be the first the Portuguese group has opened on foreign soil will be operational by mid 2008 and will have a production capacity of 70 million liters in its initial phase, and 140 million liters at full capacity.

"We hope that very soon it can be approved in a Cabinet Meeting so that we can then move ahead with the process. If that happens by April, we can approve the engineering and tenders by the end of the year and the factory can come into production in mid 2008,” Oliveira said.

The Cristal brand of beer is the one which Unicer sells most in Angola, followed by SuperBock, and in the premium segment it leads with Carlsberg.

In 2005, Unicer exported 60 million liters of beer to Angola, more than half of the total sold abroad, and the company expects the ... More Info

Denmark: Carlsberg expands market for draught beer

Carlsberg launches a new draught beer system for professional and private users under the name DraughtMaster™. The professional system offers customers a number of benefits, like perfect taste every time, easy handling, one-way kegs, 21 days shelf-life from first serve, perfect temperature control and very easy cleaning and maintenance, the company announced on .

A special home version of DraughtMaster™ offers the consumers a whole new opportunity to enjoy fresh and cold draught beer at home, served directly from the tap.

Carlsberg is the only brewery in the world offering this new technology, replacing metal kegs with plastic (high barrier PET) kegs – a system protected worldwide by principal patents.

The new Carlsberg DraughtMaster™ system is launched in Denmark, Norway, Portugal and Sweden today. Later, the system will also be launched in other countries, inside and outside Europe.

The major gain is that the genuine taste of draught beer is preserved all the way from the brewery to the consumer - due to the DraughtMaster™ keg being a completely sealed system. The beer keg (barrel) is filled with ready-to-drink beer in a new optimized process that allows no oxygen to enter the keg. Without oxygen the process of decay has no nourishment and ... More Info

Barley News
USA: A new developed two-rowed barley variety in North Dakota

A new two-rowed barley variety, Rawson, was developed and released by the North Dakota Agricultural Experiment Station, said Al Schneiter, North Dakota State University Department of Plant Sciences chair, according to the Farm and Ranch report of March 16.

Rawson has parentage that includes mostly experimental lines to incorporate leaf spot resistance and low-grain protein. Logan is one of the grandparents. Jerry Franckowiak, leader of the NDSU two-row breeding project, made the initial cross in the NDSU greenhouse in 1998.

The first generation following the cross was grown at Langdon in 1998, with subsequent generations grown in North Dakota and the winter nurseries near Christchurch, New Zealand, and Yuma, Ariz. Based on five years of trials at Research Extension Centers in North Dakota, Rawson has slightly higher yield and better leaf disease resistance than Conlon. Rawson heads out about two days later and is slightly taller than Conlon. Rawson has stronger straw than Conlon, but seems to yield lower when severe lodging occurs.

Rawson is similar to Conlon in fusarium head blight (scab) severity and slightly higher in deoxynivalenol (DON) levels. It is susceptible to some isolates of net blotch, but has excellent resistance to spot blotch and some resistance to Septoria speckled ... More Info

Hops News
Australia: Hops harvest down. Only six hops producers left in Victoria

A smaller crop yield will mean hops producers in Victoria get to enjoy an after work beer a little earlier this year.

The harvest started a week ago, and growers say despite a hot summer, leaf quality is good. Many Australians would call this the most important three weeks of the year -- the hop-picking season.

But manager of Victoria's largest hops garden, Graham Hughes says not as much is being produced. "We're down to very few growers left in Victoria regrettably, there's only about six growers left and we're the biggest by far," he said. "The situation is that yes, we're learning to produce more off the same area but at the same time the brewers have learned to use hops more efficiently and really have managed to reduce their demand even though beer production maybe increasing."

Yesterday, 90 workers in the Derwent Valley were frantically picking the key ingredient for Australia's iconic beverage -- beer. Hop harvesting has been mechanised for the past eight years, but yesterday pickers revived the skills used in the Bushy Park hop fields stretching back 150 years and picked the vines by hand.

Workers wearing long sleeves and gloves to protect against the thorny vines climbed ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.209 March 17, 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  144.00  117.00  141.50 
2RS  Prestige  117.00  141.50  116.00  140.50 
2RS  Cellar  116.00  140.50  114.00  138.00 
2RS  Sebastien  115.00  139.50  114.50  138.50 
2RS  Astoria  115.00  139.50  114.50  138.50 
2RS  Cork   114.50  138.50  114.00  138.00 
6RW  Esterel   103.00  124.50  105.50  127.50 
Theoretical malt prices.

  EURO = USD 1.209 March 17, 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  301.00  263.00  318.00  263.50  318.50  265.50  321.00 
2RS  Prestige  246.50  298.00  260.50  315.00  261.00  315.50  263.50  318.50 
2RS  Cellar  245.50  296.50  259.50  313.50  259.50  313.50  262.00  316.50 
2RS  Sebastien  244.00  295.00  258.50  312.50  258.50  312.50  260.50  315.50 
2RS  Astoria  244.00  295.00  258.50  312.50  258.50  312.50  260.50  315.50 
2RS  Cork   243.50  294.00  257.50  311.50  257.50  311.50  260.00  314.50 
2RS   Average price  245.50  296.50  259.50  314.00  259.50  314.00  262.00  317.00 
6RW  Esterel   228.50  277.00  243.50  294.50  243.50  294.50  246.00  297.50 
*  Asia Malt 70/30  240.50  290.50  254.50  308.00  255.00  308.00  257.50  311.00 
**  Asia Malt 50/50  237.50  287.00  251.50  304.00  251.50  304.00  254.00  307.00 

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

Malt Market Prices Evolution

Source: E-Malt.com

Table of the week

World Per Capita Beer Consumption , 2004 (corrected)

Rank  Country  Consumption per capita, l  Total consumption, in mln l 
1  Czech Republic  158.0  1,616 
2  Ireland  131.1  521 
3  Germany  115.8  9,548 
4  Austria  108.3  885 
5  UK  99.0  5,920 
6  Belgium  93.0  970 
7  Denmark  89.9  486 
8  Australia  87.6  1,760 
9  Luxemburg  84.4  39 
10  Slovakia  84.1  456 
11  Finland  84.0  437 
12  Spain  83.8  3,376 
13  US  81.6  23,974 
14  Croatia  81.2  365 
15  Netherlands  79.0  1,269 
16  New Zealand  77.0  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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