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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
Scientific Digest
Theoretical malt prices
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices
Change trend

10 Apr - 12 Apr 2006
Crop 2005
2rs Barley €116.00-118.00   
6rw Barley €103.00-105.00   
2rs Malt €246.00-248.00   
6rw Malt €229.00-231.00   
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 13a, 2006

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Newsletter 12b, 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 15a
April 10 - April 12, 2006

Quote of the week

"If you guys are going to be throwing beer bottles at us, at least make sure they're full"

Currency Rates
Base Currency: Euro, EUR
on 11-April-2006

1 EUR = 1.2109 USD
1 EUR = 0.6946 GBP
1 EUR = 1.3901 CAD
1 EUR = 1.664 AUD
1 EUR = 143.223 JPY
1 EUR = 2.6068 BRL
1 EUR = 33.545 RUB
1 EUR = 9.7064 CNY
Base Currency: US Dollar
on 11- April-2006

1 USD = 0.8261 EUR
1 USD = 0.5736 GBP
1 USD = 1.1481 CAD
1 USD = 1.3741 AUD
1 USD = 118.3 JPY
1 USD = 2.1528 BRL
1 USD = 27.7034 RUB
1 USD = 8.0161 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
EU: No maltster can accept such losses for another year, according to experts... Click here

Poland: Carlsberg opens financial services centre in Poland... Click here

Germany: Anheuser-Busch being barred from using Budweiser brand in Germany this summer... Click here

CIS: Scottish & Newcastle to acquire the Foster’s brand in Europe... Click here

Chile: CCU announces first quarter 2006 beer volumes increased by 8.1% yoy... Click here

China: The sales of Yanjing Beer exceeded 30 million hl in 2005... Click here

Germany: The malt market turned around in a big way... Click here

EU: Feed and malting barley markets were calm in March, analysts said... Click here

Canada: Lacey and Robust malting barley to register increased demand... Click here

More News
India: SABMiller India increases brewing capacity at Aurangabad plant ... More Info

USA: The majority of all Americans now live within 10 miles of a brewery ... More Info

Russia: Baltika Breweries plans to increase the dividends payment for 2005 ... More Info

Australia: Australian markets are inactive, according to analysts ... More Info

Canada: Brick Brewing supplements long term financing agreement ... More Info

Cuba: Cuban food industry announces presentation of the only Premium beer of the nation ... More Info

Netherlands: Heineken is to expand its beer assortment for its home tap BeerTender ... More Info

Australia: Malting barley varieties Baudin and Hamelin authorized for farmer trading in Western Australia ... More Info

Canada: Lakeport Brewing introduces new packaging on top-selling Lakeport brands ... More Info

UK: SABMiller price target lifted by JP Morgan ... More Info

Russia: Scottish & Newcastle welcomes Baltika merger vote ... More Info

India: Yuksom Breweries commissioned its subsidiary, Denzong Breweries, investing Rs30 crore ... More Info

Ukraine: Ukraine exported 3 mln tonnes of barley in July-February, 2005/06 MY ... More Info

Italy: Peroni Nastro Azzurro adds a new dimension to traditional beer marketing ... More Info

USA: Schwelmer Beer introduces its unique 0.33 liter Flip-Top-Bottle Sun in the American market ... More Info

Ghana: Court dismisses Guinness’ application against Labour C’sion … over its ruling against Guinness ... More Info

China: Anheuser-Busch to promote Harbin beer in China this year ... More Info

USA: Brewers say state laws would hurt business ... More Info

Ukraine: Sun Interbrew to make important investment in Ukraine ... More Info

USA: Constellation declares cash dividend on its 5.75% series a mandatory convertible preferred stock ... More Info

USA: Shares of Molson Coors Brewing down after analysts’ downgrade ... More Info

China: Chongqing Brewery expects greater profits from hepatitis vaccine than from beer ... More Info

USA: Texas' #1 Specialty Beer teams up with America's premier Cycling Event ... More Info

USA: Constellation Brands secures confirmations of regulatory clearances required to acquire Vincor International Inc. ... More Info



Brewery News
Poland: Carlsberg opens financial services centre in Poland

Carlsberg AS said on April 11 it has opened a financial services centre in Poznan in the west of Poland that will serve its Polish and German operations, according to AFX.

The centre will become operational in November and will employ 70 accounting specialists. Initially, it will serve Carlsberg's Polish breweries, and will start serving the German ones in March 2007.

Poznan won the location of the financing centre against Budapest and Bucharest. Carlsberg did not say how much it is investing in the centre.

The Danish brewer has three breweries in Poland and markets eight brands of beer there. Its own brand holds a 14.5 pct share of the Polish market.

Carlsberg's Polish sales in 2005 were 845 mln zlotys (213 mln eur), up 8 pct from a year earlier. The net profit rose from 5 mln zlotys to 65 mln zlotys or 16.4 mln eur.


Germany: Anheuser-Busch being barred from using Budweiser brand in Germany this summer

Anheuser-Busch, the US giant behind the World Cup's official beer, is being barred from using the Budweiser brand in Germany this summer because of a trademark dispute, the Independent announced on April 9.

Anheuser-Busch is thought to have paid around $40m (£23m) for Budweiser to become one of 15 premium sponsors, beside McDonald's, Coca-Cola and MasterCard. Various campaigns and promotions are already running. Nevertheless, unlike fellow sponsors, the Budweiser brand will not appear on the all-important pitch-side hoardings because of a long-running row with the Czech brewer Budvar over which owns the name.

"USA does not pitch up to the World Cup but the exposure is still massive," Nigel Currie, director of the sports marketing group Brand Rapport, said of the tournament. "You have 180 countries tuning in and brand coverage for three solid weeks."

The group wanted to use the name Bud instead of Budweiser, but the German brewer Bitburger complained it was too similar to its Bit brand. The US giant will use Anheuser-Busch Bud. Bitburger will sell its beer in the stadiums.

"The event provides Anheuser-Busch with an excellent opportunity to continue to build our brand," said Tony Ponturo, vice-president of global media and sports marketing at the US giant." ...
More Info


CIS: Scottish & Newcastle to acquire the Foster’s brand in Europe

Scottish & Newcastle plc (“S&N” or the “Group”) announces that it has agreed to acquire the Foster’s brand in Europe (including Turkey), the Russian Federation and other countries in the Commonwealth of Independent States (“CIS”) from Foster’s Group Limited (“FGL”) for approximately £309 million payable in cash on completion (the “Acquisition”). The Acquisition is conditional only on regulatory clearance under Australia’s Foreign Acquisitions and Takeover Act 1975.

Background and rationale. In 1995, S&N acquired from FGL the licence to brew, package and market Foster’s in the UK, the Republic of Ireland and Continental Europe (including the Russian Federation and certain other Eastern European countries of the CIS). However, ownership of the Foster’s brands and associated rights remained with FGL. Sales of Foster’s in these territories have grown considerably under S&N’s management and the brands accounted for some 14 per cent. of S&N’s total sales (by volume) in the year ended 31 December 2005. Pursuant to the terms of the 1995 agreement, S&N was obliged to pay FGL annual royalties from sales of Foster’s as well as support the brands with a minimum contractual marketing spend. In the year ended 31 December 2005, royalty payments amounted to £15 million.

Foster’s worldwide volumes amounted ...
More Info


Chile: CCU announces first quarter 2006 beer volumes increased by 8.1% yoy

Chile's biggest brewing company, Compañía Cervecerías Unidas S.A. (CCU), reported on April 7 preliminary first quarter 2006 consolidated volumes. CCU said in a statement that beer sales volume increased by 8.1% in Chile in the first quarter 2006 up to 1,370,089 hl, and by 1.8% in Argentina up to 666,017 hl.

CCU plans to release its consolidated first quarter results by the last week of April.

CCU is a diversified beverage company operating principally in Chile and Argentina. CCU is the largest Chilean brewer, the second-largest Argentine brewer, the third-largest Chilean soft drink producer, the second-largest Chilean wine producer, the largest Chilean mineral water producer, one of the largest Chilean pisco producers and also participates in the confectionery industry in Chile. The Company has licensing and/or joint venture arrangements with Heineken Brouwerijen B.V., Anheuser-Busch Companies Inc., PepsiCo Inc., Paulaner Brauerei AG, Schweppes Holdings Limited and Watt’s Alimentos S.A. For more information, visit www.ccu-sa.com.


China: The sales of Yanjing Beer exceeded 30 million hl in 2005

The vice director of Beijing Yanjing Brewery Co., Ltd. (Yanjing Beer), one of China's biggest beer brewers, Dai Yongquan said on April 8 that the sales of Yanjing Beer exceeded 3 million kiloliters in 2005 and edged into top 10 in the world's beer market by its production and sales, according to China Business Daily News.

Yanjing Beer registered a net profit for 2005 of CNY276.8m (US$34.6m), up 2.3% from 2004, on the back of a 13.8% rise in sales to CNY5.3bn. Company’s beer volumes increased by 10.3% to 2.85 million tonnes.

Another vice director of Yanjing Beer Ding Guangxue said that since the sales of Yanjing Beer exceeded 1 million kiloliters in 1999, it kept a rapid growth of 1 million kiloliters every 3 years.

Now, Yanjing Beer has wrapped up an agreement with China National Women's Volleyball Team (CNWVT) on developing the market of beer and soft drinks in the period of Beijing 2008 Olympics.

According to the statistics from China's national Bureau of Statistics, the total sales of China's beer industry surpassed 30 million kiloliters in 2005. The top 3 brewers, Yanjing Beer, Tsingtao Brewery Co., Ltd. and China Resources Snow Breweries Co., Ltd. held more than one third of ...
More Info

Malt News
Germany: The malt market turned around in a big way

Already the earlier developments, but most of all the Weissheimer case have turned the malt market around in a big way.

Some weeks ago a large German brewery still managed to purchase malt for 2007 at prices around € 260,- delivered plants, now levels are between 270,- and 280,-. Comparable prices last year were 230/240, market analysts said on April 3.

German beer sales recovered from a bad January and stand at plus 1,1 % for the first two months of the year.


EU: No maltster can accept such losses for another year, according to experts

For the crop year 2005, delivery 2006, many malt sales were done at prices, which will leave losses of € 20,-/30,- per ton in the maltsters' books. Balance sheets were bad for 2005, but will be worse for 2006, malt market experts posted on April 3.

No maltster, and no maltster's banker, can accept such losses for another year. The turning point of malt markets came closer, when maltsters started to reject low bids from Thailand and South America in the late months of 2005.

British malting companies had been the first to close older capacities, they were followed by French and German firms.

Germans and Scandinavians kept some malthouses shut for limited periods, which took further pressure from the market. A German merger and a Danish acquisition created stronger groups, albeit at a still modest level. The real shock was the insolvency of the Weissheimer maltings in Germany and Hungary. The market had suspected that the former No. 1 in Germany had been in trouble, but expected that they would overcome their problems. Their downfall (which may not be final yet) sent waves through the market and brought about greater caution in the malting industries and at least some ...
More Info

Barley News
EU: Feed and malting barley markets were calm in March, analysts said

Feed and malting barley markets were calm in March, market analysts have recently commented. The EU Commission granted no export refunds, sold a mere 16,000 tonnes from intervention stocks.

Exporters of feed and malting barley booked 105,000 tonnes of export licences without refunds. Disappointment with markets showed in an increased intervention activity, a total of 1.74 million tonnes have been sold resp. offered to the intervention boards during the crop year 2005/06. Barley intervention stocks are manageable and even small when compared to wheat and maize stocks, 7.9 and 6.15 million tonnes respectively.

Large stocks in the new member countries, particularly Hungary, cost a lot of money to move to deficit areas or export points. The situation will not become easier, when Bulgaria and Romania join the EU in 2007 or 2008. A recent "evaluation" study of the EU Commission, which is not published yet, will suggest major changes to the intervention system.

Whether intervention of some grains (barley) is abandoned or intervention points with price guarantees are reduced to a few central places or wheat and coarse grains will not have a common intervention price any more, any changes would certainly mean lower prices. The protectionists in the EU ...
More Info


Canada: Lacey and Robust malting barley to register increased demand

Lacey 6-row malting barley is a late addition to the list of recommended varieties for 2006. Canada Malting holds a new contract to supply Lacey to a major U.S. brewery. The same contract includes a deal for more Robust 6-row barley.

Growers interested in contracts for either of these varieties can call Brian Sawatzky at the Canada Malting office in Calgary at 403-571-7000 ext. 3052. Contracts are open to growers in any region.

Scientific Digest

Brewing beer

Brewing is the production of alcoholic beverages and alcohol fuel through fermentation. This is the method used in beer production, although the term can be used for other drinks such as sake, mead and wine. The term is also sometimes used to refer to any chemical mixing process.

Brewing has a very long history, and archeological evidence tells us that this technique was used in ancient Egypt. Descriptions of various beer recipes can be found in Sumerian writings, some of the oldest known writing of any sort.

All beers are brewed using a process based on a simple formula. Key to the process is malted grain, traditionally barley, but often also wheat and, less commonly rye. (When malting rye, due care must be taken to prevent ergot poisoning (ergotism), as rye is particularly prone to developing this toxic fungus during the malting process.).... Read full article


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2109 April 11, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  121.00  146.50  117.00  142.00 
2RS  Prestige  118.00  143.00  116.00  140.50 
2RS  Cellar  117.00  142.00  114.00  138.50 
2RS  Sebastien  116.00  140.50  114.50  139.00 
2RS  Astoria  115.00  139.50  114.50  139.00 
2RS  Cork   114.00  138.50  114.00  138.50 
6RW  Esterel   104.00  126.00  105.50  128.00 
Theoretical malt prices.
  EURO = USD 1.2109 April 11, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  Apr 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  252.00  305.00  266.50  322.50  266.50  322.50  280.50  340.00 
2RS  Prestige  248.50  300.50  262.50  318.00  262.50  318.00  277.00  335.50 
2RS  Cellar  247.00  299.00  261.50  316.50  261.50  316.50  276.00  334.00 
2RS  Sebastien  245.50  297.50  260.00  315.00  260.00  315.00  274.50  332.50 
2RS  Astoria  244.50  296.00  259.00  313.50  259.00  313.50  273.50  331.00 
2RS  Cork   243.50  294.50  257.50  312.00  257.50  312.00  272.00  329.50 
2RS   Average price  247.00  299.00  261.00  316.00  261.00  316.50  275.50  333.50 
6RW  Esterel   230.00  279.50  245.50  297.00  245.50  297.00  260.00  314.50 
Asia Malt 70/30  242.00  293.00  256.50  310.50  256.50  310.50  271.00  328.00 
**  Asia Malt 50/50  239.00  289.50  253.50  306.50  253.50  306.50  267.50  324.00 

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

German Spring Barley. Crop 2006. Forecast.

  Acreage
'000 ha 
Brewing barley
percent 
Yield
t/ha 
Brewing barley
'000 tonnes 
Baden-Wurttemberg  80  60%  5.0  240 
Bayern  150  60%  4.8  432 
Berlin/Brandenburg  10%  4.8 
Hessen  25  80%  4.8  96 
Mecklenburg/Vorpommern  10  50%  5.0  25 
Niedersachsen/Bremen  55  25%  5.0  69 
Nordrhein-Westfalen  15  50%  5.2  39 
Rheinland-Pfalz/Saarland  68  80%  5.0  272 
Sachsen  40  50%  5.0  100 
Sachsen-Anhalt  13  35%  5.0  23 
Schlesw-Holstein/Hamburg  13  40%  5.0  26 
Thuringen  46  70%  5.2  167 
Total Germany  522      1492 
  Main varieties in Germany
  Spring barley: Braemar, Scarlett, Pasadena, Barke, Auriga, Belana.
  Winter barley: Vanessa.

Newsletter SummaryTop
Graph of the week


Agenda
April 2006:
Gitchee Gumee Brewfest More than 120 beers from over 30 Upper Midwest brewers
Classic City Brew Fest Mini-festival this year because of venue problems
Master of Beer Styles & Evaluation program The Master of Beer Styles
4TH BREWING RAW MATERIAL SEMINAR (ROHSTOFFSEMINAR) Dealing with market and scientific topics
Newcastle Beer Festival Organized By: Tyneside & Northumberland Branch, Campaign for Real Ale
2006 Australian International Beer Awards
Helsinki Beer Festival 2006. April 7-8, 2006
Okanagon Fest-of-Ale British Columbia's second-largest festival
Taming of the Brew Beer from nearly 20 breweries and distributors
World Beer Cup Competition Judging
BREWER 2006
Craft Brewers Conference & BrewExpo America 2006
BEER. WINES & DRINKS International Beer, Wine and Spirits Manufacturing Exhibition
World Beer Cup Gala Awards Dinner
Spring Beer & Wine Festival
Planet Thanet Ale Festival
Stuttgart Spring Festival
Dunstable Beer Festival
Spring Festival Held on the same Oktoberfest grounds
Peoria Jaycees International Beer Festival
Best of the Midwest Brewers Festival Historic setting
Great Brews From Around the World Beer
City Paper Brew Fest Beer from more than 40 microbreweries
Hickory Hops Brew Festival
Wine&SpiritsAsia International Exhibition of Wine
Reading Beer Festival Organized
Stourbridge Beer Festival
Chippenham Beer Festival
Ballpark Festival of Beers Sampling of 100 to 125 American specialty beers
Reading Phillies Beer Fest Beer
TAP New York 2006 More than 100 beers from New York State craft
Hevelius International Beer Festival - Beverages and Gastronomy Devices Fair
2006 Great Petaluma Chili Cook-off, Salsa, and Beer Tasting Beer


May 2006:
THE 4 th EUROPEAN BEER AND HEALTH SYMPOSIUM
10th Annual Boonville Beer Festival
BIG BREW National Homebrew Day website
Great Japan Beer Festival
Beer Baron's World of Beer
TwinTrack Brewing Microbiology Program
Rugby Beer Festival
Australian International Beer Awards Beer Festival
Long Island Beer Festival Hundreds of beers from nearly 70 breweries
Calgary Brewfest 2006 Beer from Calgary
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


June 2006:
ProPak Asia International Food and Drink Processing and Packaging Technology Exhibition
BevTech / BrewTech International Exhibition of Beverage and Brewary Processing and Packaging
IGC GRAINS CONFERENCE 2006
For conference sponsorship opportunities
National Homebrewers Conference


More events are available on site e-malt.com
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