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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
Hops 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

04 May - 05 May 2006
Crop 2005
2rs Barley €117.00-119.00   
6rw Barley €104.00-106.00   
2rs Malt €247.50-249.50   
6rw Malt €231.00-233.00   
Crop 2006
2rs Barley €115.50-117.50   
6rw Barley €105.00-107.00   
2rs Malt €241.50-243.50   
6rw Malt €227.50-229.50   

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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Other e-malt.com newsletters

Last five newsletters
See this Newsletter!
Newsletter 18a, 2006

See this Newsletter!
Newsletter 17b, 2006

See this Newsletter!
Newsletter 17a, 2006

See this Newsletter!
Newsletter 16b, 2006

See this Newsletter!
Newsletter 16a, 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


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Last five graphs



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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 18b
May 04 - May 05, 2006

Quote of the week

"Beer makes secrets float to the surface."
German Proverb

Currency Rates
Base Currency: Euro, EUR
on 05-May-2006

1 EUR = 1.2636 USD
1 EUR = 0.6859 GBP
1 EUR = 1.4022 CAD
1 EUR = 1.6433 AUD
1 EUR = 143.765 JPY
1 EUR = 2.6207 BRL
1 EUR = 34.3309 RUB
1 EUR = 10.1392 CNY
Base Currency: US Dollar
on 05- May-2006

1 USD = 0.7915 EUR
1 USD = 0.5428 GBP
1 USD = 1.1097 CAD
1 USD = 1.3004 AUD
1 USD = 113.769 JPY
1 USD = 2.0739 BRL
1 USD = 27.1685 RUB
1 USD = 8.0239 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: SABMiller invests US$35.3 million in a new brewery in Harbin City, Heilongjiang Province... Click here

Thailand: Thai Beverage plans to market S$1.8 Bln of stock in Singapore... Click here

Russia: Pikra Brewery strengthens capacities... Click here

Canada: Small beer brewers say 'cheers' to tax cut... Click here

USA: Anheuser-Busch to buy Rolling Rock... Click here

EU: Overview of EU malt market standing... Click here

EU: New crop barley price levels... Click here

Australia: Trends on barley market... Click here

New Zealand: Researcher says NZ is attracting overseas interest with organic beer... Click here

More News
India: Asia Pacific Breweries in talks with Mount Shivalik ... More Info

Australia: Extra brewing capacity increase for Lion Nathan's joint venture with Heineken ... More Info

UK: Beer makers likely to reveal chemicals used in alcoholic beverages ... More Info

Canada: CWB announced interim payments for feed barley ... More Info

USA: Anheuser-Busch outlook revised to negative by Fitch Ratings ... More Info

USA: Molson Coors Brewing Company in hands of analysts ... More Info

USA: Berry Champagne Ale - Heartland Brewery’s response to women tastes ... More Info

Australia: ABB Grain Ltd reassesses the grower indicator rate ... More Info

UK: Greene King launches new ale ... More Info

USA: Anheuser-Busch is only backer of its beer industry campaign ... More Info

Australia: ABB’s ProGrain choice: a better link to specialized services ... More Info

Germany: Bock beer's turn at the tap ... More Info

USA: Capital Brewery plans to expand ... More Info

UK: Indian-born beer baron celebrates British lordship ... More Info

UK: Amstel at the origin of its first UK marketing campaign ... More Info

Canada: Lakeport Brewing Chair & CEO, Teresa Cascioli distinguished with Innovation Award ... More Info

UK: Carlsberg UK releases Holsten Pils on draught ... More Info

USA: Budweiser locates on Madison, to Miller Brewing Company’s deception ... More Info

Nepal: Gorkha Brewery has launched Gorkha Beer ... More Info

USA: Burnin’ Helles and Demon’s Hop Yard IPA: the favorite hometown brews ... More Info

USA: Constellation Brands to present at Goldman Sachs Consumer Products Symposium 2006 in New York City ... More Info

Denmark: The Danish beer identity building ... More Info

USA: Anheuser-Busch perpetuates Minnesota Wild sponsorship agreement ... More Info

Sierra Leone: Sierra Leone Brewery reactivates Maltina games ... More Info

USA: Miller Lite’s tribute to unwritten rules all men live by ... More Info



Brewery News
China: SABMiller invests US$35.3 million in a new brewery in Harbin City, Heilongjiang Province

China Resources Snow Breweries Limited (“CR Snow”), an associate of SABMiller Plc and a subsidiary of China Resources Enterprise Limited (“CRE”), announced on May 04 that it will invest US$35.3 million in the construction of a new brewery in Harbin City, Heilongjiang Province.

Construction of the brewery has commenced and is expected to complete in 18 months with an initial production capacity of 2.3 million hectolitres. The brewery will be used mainly to produce CR Snow’s national brand, “SNOW”, targeting the Harbin area and the western region of the province. CR Snow’s existing brewery in Shangzhi, a city in the south-eastern region of Heilongjiang, will service the eastern part of the province.

Heilongjiang Province reported total beer sales in 2005 of 15 million hectolitres and annual consumption per capita of 39 litres, significantly above the national average of 23 litres. The new brewery will provide a production, distribution and marketing platform to support the national brand strategy of SNOW and cater for the increased demand of CR Snow products. Total sales volumes of SNOW brand increased 47% in 2005 to 15.8 million hectolitres. Over the past two years CR Snow has increased sales volume by approximately ...
More Info


Thailand: Thai Beverage plans to market S$1.8 Bln of stock in Singapore

Thai Beverage Pcl, Thailand's largest brewer, is planning to sell as much as S$1.8 billion ($1.1 billion) of shares in an initial offering in Singapore, the biggest stock sale in the city-state in more than a decade, Bloomberg reported on May 05.

Thai Beverage will sell 4.88 billion shares, half of which is new stock, at between 26 Singapore cents and 36 Singapore cents a share, according to a preliminary prospectus filed to the Monetary Authority of Singapore. Thai Beverage is owned by Charoen Sirivadhanabhakdi, Thailand's richest man.

The brewer of Chang Beer and Mekhong whiskey is selling shares in Singapore after anti-alcohol protesters blocked a sale in its home market. The sale helps boost Singapore's efforts in drawing more foreign share sales, crucial to its effort to remain a major financial center in Asia as competition increases from Shanghai to Mumbai.

“In terms of proximity to its home market, Singapore would feature quite prominently,'' said Steven Lim, who helps to manage $300 million of assets at Daiwa SB Investments in Singapore. “The Singapore market would probably give them more visibility than, say, Hong Kong, which is a prominent market for Chinese stocks.''

Bangkok-based Thai Beverage's offering may be the biggest ...
More Info


Russia: Pikra Brewery strengthens capacities

The Krasnoyarsk brewer “Pikra” has increased capacities by 40 %, officials of “Pikra” released on April 28.

On the same date “Pikra” has finished one of stages of the investment program of 2006 and has commissioned 8 new conic-piston tanks (CPT) of known German company "Ziemann ". Daniel Briman, vice-president of Baltika Brewing Company and Deputy Governor of the Krasnoyarsk region have attended to the inauguration ceremony of the new equipment.

The company board plans to modernize the production ant the administrative-household complex according to the “Pikra” 2006 investment program, additionally to the introduction of new capacities. This year overall funding of the investment program will cover 8.5 m Euros.

Daniil Briman, vice-president of Baltika Brewing Company and the chairman of board of directors of “Pikra” says: “The introduction of new capacities represent a new stage in the development of the company. The fulfillment of the investment plan was made possible thanks to the mergers between Pikra and other VVN Holding company members: ”Baltika”, “Vena” and “Yarpivo”. In addition to that, the investment environment in Krasnoyarsk was appropriate enough to make it possible, as a result of the very accurate politics conducted by the region administration.

Owing to the introduction of new CPT ...
More Info


Canada: Small beer brewers say 'cheers' to tax cut

Canada's small beer makers expect to create 1,500 new jobs over 10 years as a result of the federal government's promise to cut the excise duty on their suds, CBC communicated on May 03.

In their first budget revealed May 02, the Conservatives said they will cut excise rates on beer by anywhere from 15 per cent to 90 per cent for brewers producing up to 75,000 hectolitres a year.

The Canadian Association of Small Brewers, which represents over 90 brewers across the country, applauded the move.

The brewers currently employ about 2,000 people, but they expect the tax cut will let them create about 1,500 new jobs in the next decade.

"The tax reduction will allow Canadian craft brewers to achieve important tax parity with small brewers in the U.S. and around the world, who enjoy significant tax advantages in their home markets," John Hay, director of the brewers association, said. "This will give us room to grow and compete in the highly competitive beer market," Hay added.

The association expects that about 45 per cent of the money saved from the excise tax cut will be invested in production and sales jobs.

Small brewers are defined as those producing less than 300,000 hectolitres of ...
More Info


USA: Anheuser-Busch to buy Rolling Rock

Anheuser-Busch Cos., the world's largest brewer, may be close to buying Rolling Rock beer from InBev NV as the brewer tries to attract new drinkers with craft-style beers, a UBS Securities analyst wrote in a research note, Orlando Sentinel posted on May 04.

Belgian brewery giant InBev SA said it has started examining options "both inside and outside" the company for its beer brand Rolling Rock and its US-based brewer. The group said it is analysing "how to optimise the full potential of Rolling Rock and the Latrobe Brewing Company".

It added that InBev USA last year made a business decision to focus its sales and marketing resources on "high-profit speciality import brands", including Stella Artois, Bass Pale Ale, Beck's, Brahma and Labatt Blue.

InBev said that while Rolling Rock and Latrobe continue to have "great potential", it has not made a final decision on the brand. Earlier, daily De Standaard reported that US brewer Anheuser-Busch Cos Inc is close to purchasing Rolling Rock, citing a UBS analyst.

Anheuser-Busch wants to add Rolling Rock because it costs 16 percent more than the Budweiser and Bud Light brands, analyst Caroline Levy wrote on MAay 02.

InBev, the world's third-biggest brewer, said in ...
More Info

Malt News
EU: Overview of EU malt market standing

EU Barley malt production in 2005 was still 8,4 Mill. Tons, but factory closures in France, Germany, Slovakia, Sweden and the U.K. plus temporary shutdowns of some German industries will reduce EU malt production substantially.

According to analysts’ data, the estimated EU 2006/07 malt production amounts for about 8,035 Mill. Tons, compared to 8,768 Mill Tons total EU malt capacity, thus indicating a severe malt surplus. An uncertain figure is the average malt use in beer, which is very different from country to country.

The figures officially provided do not take into account the temporary closure of the Weissheimer in Hungary and the risk of a temporary shutdown in Germany as well. Any longer production pause could bring EU production down to dangerously low levels.

Barley News
EU: New crop barley price levels

Industry analysts reported new crop barley prices:

French barley:
basis July 2row spring
Prestige FOB Creil € 118, FOB Moselle € 128
basis July 6row winter Esterel FOB Creil € 107, FOB Moselle € 112

Danish barley:
FOB Baltic ports October shipment 2row spring, Prestige € 128

U.K. barley:
FOB ECUK October shipment 2row spring Optic/Cocktail € 125, 2row winter Pearl € 119.

German barley:
Delivered maltings southwest Germany ex harvest 2row spring € 132/133


Australia: Trends on barley market

The two big barley boards are reported to have already shipped two thirds of their feed barley export program by end of April. Prices to Saudi-Arabia remain above US $ 160,-CIF, which is about US $ 15,- higher than EU/Black Sea prices. Prices for malting barley to China have dropped below US $ 180,- CIF. Australia is confident to ship close to two Mill. tons to China during the crop year.

Hops News
New Zealand: Researcher says NZ is attracting overseas interest with organic beer

A New Zealand hop researcher says Nelson hop farmers are attracting world-wide attention because of their ability to produce unique tasting and organically-grown hops, according to Radio New Zeeland reports on May 03.

Ron Beatson, a hop breeder for HortResearch, says because New Zealand's environment is relatively free of pests, hops are able to be grown without pesticides.

Dr. Beatson says there has also been a worldwide increase in demand for boutique or craft beers, which the local industry has responded to by investing in research for new hop varieties.

He says the unique attributes of New Zealand hops have attracted the attention of big overseas beer companies such as Anheuser Busch, which owns the Budweiser brand.

He says the company is looking at buying New Zealand hops which could be used in specialised craft beers.

Scientific Digest
Measuring barley kernel colour and size to predict end use malt quality
M. J. Edney, Marta S. Izydorczyk1, S. J. Symons and N. Woodbeck (Industry Services/Grain Research Laboratory collaborative study on valuing barley)

Abstract: The effectiveness of the grading system of the Canadian Grain Commission (CGC) in predicting end use quality of malting barley was compared to machine-based methods. A series of malting barley samples from the 2003 harvest were analysed for grade, colour and size. The barley was malted and the malt analysed for quality. Results supported the grading system with barley grading Special Select showing the best overall malting quality. Statistically, the grades, based on one inspector’s observations, showed the same ability as colour measurement by imaging to predict several barley and malt quality parameters. However, the machine-based method was better at several parameters. The imaging system also offered the potential of more objectivity over time compared to grades determined by different inspectors on different days. These findings were based on the quality of a limited number of samples from one harvest and need to be repeated using additional samples with varying degrading factors. Plump barley was found to produce, under standard processing conditions, adequately modified malt with good levels of malt extract. In contrast, intermediate sized kernels had significantly lower malt extract and the malts were over modified using standard processing conditions. Thousand kernel weight, a specification frequently used to indicate malt barley quality, gave a good indication of potential malt extract of plump barley but with intermediatesized barley, it only gave an indication of processing requirements. Thousand kernel results were compared to those from the Single Kernel Characterization System (SKCS), which measures and calculates the mean weight, diameter, hardness and moisture of 300 kernels per barley sample. Both methods correlated similarly with malt quality Variability of size among 300 kernels of sample, as indicated by SKCS’s standard deviation of Degrading factors and malt barley kernel diameter and weight, explained additional variability in final malt quality, in particular malt modification.
... Load full article, 15 pages, 97.5 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2636 May 05, 2006 
 Crop year   2005   2006 
 Parity   FOB Creil   FOB Creil 
 Position   July 2005   July 2006 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  122.00  154.50  119.00  150.50 
2RS  Prestige  119.00  150.50  118.00  149.50 
2RS  Cellar  117.50  148.50  116.00  146.50 
2RS  Sebastien  117.00  148.00  115.50  146.00 
2RS  Astoria  116.00  146.50  115.50  146.00 
2RS  Cork   115.00  145.50  115.00  145.50 
6RW  Esterel   105.00  133.00  106.00  134.00 
Theoretical malt prices.
  EURO = USD 1.2636 May 05, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  May 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  253.50  320.50  268.00  338.50  268.00  338.50  282.50  357.00 
2RS  Prestige  250.00  316.00  264.50  334.00  264.50  334.00  279.00  352.50 
2RS  Cellar  248.00  313.50  262.50  331.50  262.50  331.50  277.00  350.00 
2RS  Sebastien  247.50  312.50  262.00  331.00  262.00  331.00  276.50  349.00 
2RS  Astoria  246.50  311.50  260.50  329.50  260.50  329.50  275.00  347.50 
2RS  Cork   245.00  309.50  259.50  327.50  259.50  328.00  274.00  346.00 
2RS   Average price  248.50  314.00  262.50  332.00  263.00  332.00  277.50  350.50 
6RW  Esterel   232.00  294.00  247.00  312.50  247.00  312.50  261.50  330.50 
Asia Malt 70/30  243.50  308.00  258.00  326.00  258.00  326.00  272.50  344.50 
**  Asia Malt 50/50  240.50  304.00  255.00  322.00  255.00  322.50  269.50  340.50 

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

Canada: Barley Supply and Disposition

  2004-2005   2005-2006 f  2006-2007 f 
  Seaded area, '000 ha 4,678  4,440  4,204 
  Harvested area, '000 ha 4,050  3,889  3,675 
  Yield, tonne/ha  3.26  3.21  3.07 
  Production, '000  metric tonnes 13,186  12,481  11,295 
  Imports, '000 metric tonnes 83  35  30 
  Total Supply, '000 metric tonnes 15,371  16,005  14,225 
  Exports, '000 metric tonnes  1,863  2,700  2,300 
  Food & Industry Use, '000 metric tonnes 268  260  270 
  Feed, Waste, Dockage, '000 metric tonnes 9,358  9,740  9,350 
  Total Domestic Use, '000 metric tonnes 10,019  10,405  10,025 
  Carry-out Stocks, '000 metric tonnes 3,489  2,900  1,900 
  Average Price, CA$/tonne 112  100-120  120-140 

f: forecast, Agriculture and Agri-Food Canada, April 28, 2006

Newsletter SummaryTop
Graph of the week


Agenda
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
Beer festival - 2006 St.Petersburg
Seattle International Beerfest , USA


July 2006:
American Beer Month July, 2006 What is American Beer Month
Portland International Beerfest , USA. Taste the greatest beers
Witton Castle country and western festival
Brew at the Zoo Beer Tasting and Free Food.


More events are available on site e-malt.com
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