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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
On These Days
Agenda
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Average market prices
Change trend

15 May - 17 May 2006
Crop 2005
2rs Barley €116.00-118.00   
6rw Barley €104.00-106.00   
2rs Malt €246.50-248.50   
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

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Newsletter 19b, 2006

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Newsletter 19a, 2006

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Newsletter 18b, 2006

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Newsletter 18a, 2006

See this Newsletter!
Newsletter 17b, 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 20a
May 15 - May 16, 2006

Quote of the week

"If the beer bothers you while you work, stop working."
French Proverb


Currency Rates
Base Currency: Euro, EUR
on 16-May-2006

1 EUR = 1.2878 USD
1 EUR = 0.6817 GBP
1 EUR = 1.4328 CAD
1 EUR = 1.6798 AUD
1 EUR = 141.568 JPY
1 EUR = 2.7815 BRL
1 EUR = 34.7608 RUB
1 EUR = 10.3244 CNY
Base Currency: US Dollar
on 16- May-2006

1 USD = 0.7767 EUR
1 USD = 0.5293 GBP
1 USD = 1.1126 CAD
1 USD = 1.3044 AUD
1 USD = 109.948 JPY
1 USD = 2.1598 BRL
1 USD = 26.9916 RUB
1 USD = 8.0168 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Russia & Belarus: Baltika intends to set up a joint venture in Belarus... Click here

Bulgaria: Beer contributes 127 million euro to Bulgarian economy... Click here

World: Winds of change blowing in the beer industry... Click here

Japan: Asahi Breweries to set up 5th beer plant in China... Click here

Canada: Sleeman Breweries for sale... Click here

Australia: ABB Grain re-estimates barley pool indicators... Click here

World: USDA projects 2006/07 figures on barley... Click here

Czech Republic: Hop-growing area declining in Czech Republic... Click here

More News
Australia: Claims on making the best beer in the world ... More Info

USA: Granite City Food & Brewery reports first quarter 2006 results ... More Info

USA: Big Buck on its feet again ... More Info

Turkey: High foreign and local currency ratings for Anadolu Efes ... More Info

Finland: New York’s Brooklyn Brewery beer now available in Finland ... More Info

Australia: Cock & Bull takes home three Best in Class awards in Melbourne ... More Info

Germany: University Giessen announces the planting of transgenic barley ... More Info

Indonesia: Country's largest brewery to pay dividends worth Rp 66.6b ... More Info

Japan: Dramatic April Japanese beer and beer-like drinks shipments regression ... More Info

USA: Lazy Magnolia beats competitors in 2 categories ... More Info

Denmark, Sweden & Finland: Seasonal outlook on the malting barley market ... More Info

Ukraine: Sarmat announces positive results in April 2006 ... More Info

South Africa: SABMiller invests in premium brands ... More Info

USA: Granite City expects loss in 2006 ... More Info

Canada: Molson signs a new collective agreement with the employees union ... More Info

Canada: Sleeman’s shares go significantly up ... More Info

USA: Boston Beer Co. spends money "only on the beer" ... More Info

Kenya: Alcohol industry under pressure ... More Info

Iraq: Baghdad alcohol sellers intimidated by bombs ... More Info

Canada: Barley acreage estimates for 2006 ... More Info



Brewery News
Russia & Belarus: Baltika intends to set up a joint venture in Belarus

Baltika, a major Russian brewery, is ready to look at proposals from the Belarus authorities and private companies about setting up a joint venture, Baltika President Anton Artemyev told Interfax in a phone interview May 12.

"It is too early to talk about this [setting up a joint venture], the company is in discussions about the issue. But, we are, nevertheless, ready to look at proposals from authorities and private companies," Artemyev said.

The Baltika president is taking part in the Days of the North-West Federal District event in Belarus. "One of the aims of the trip is to look more closely at the Belarus brewery market," he said. "I can already say that companies in Belarus and the entire market have good potential in my opinion. Better quality equipment can be observed and as a result a better quality product," Artemyev said.

Baltika considers the Krinitsa debt problem be fully settled, he said. The Belarusian brewery received a $10 million loan from Baltika in the summer of 2001 to upgrade equipment with the aim of later ...
More Info


Bulgaria: Beer contributes 127 million euro to Bulgarian economy

Total tax revenue for the Bulgarian government from the production and consumption of beer is estimated at around 93 mln euro a year, says an Ernst&Young survey of the employment, value added and tax contributions made by beer to the European economy, Dnevnic announced May 15.

Further total VAT revenues are estimated at 59 million euro (33 mln euro on beer sold on-trade) and workers whose job can be attributed to the production and consumption of beer pay a total direct personal tax of around 10 mln euro, said the report.

The Bulgarian brewing sector has been modernised rapidly in recent years. To a large extent this explains the high productivity of this sector and its employees. With only a 6% share in total employment from the production and sale of beer, the brewing sector accounts for just over 40% of total value added generated due to the production and sale of beer, said Ernst&Young.
The total contribution of the brewing sector to the Bulgarian economy - directly and indirectly, is estimated at around 127 mln euro.

The Bulgarian beer market is one of the smallest in Eastern Europe, but has shown increasing volumes in recent years. Total market volume is estimated to ...
More Info


World: Winds of change blowing in the beer industry

All large international brewing concerns published excellent profit figures for 2005, analyst deducted in a recent report. Nevertheless many of them, being confronted by stagnant or declining beer sales in the developed countries of Western Europe and North America, try to reduce further the cost of their operations.

Outstanding examples are the closure of Carlsberg's original Copenhagen brewhouse and InBev's formation of centralized service offices in Eastern Europe at the expense of hundreds of jobs in the West. Shareholders' satisfaction and with it the defense against take-overs by others or the will to expand have become common place in the brewing industry just as much as in many other industries of the world.

During past years brewers became accustomed to cut rather regularly the cost of their raw material procurement. In the malt sector there were three major reasons for the decline of prices: the power of the mighty brewers against a weak defense of too many and comparatively small maltsters, the overcapacities existing in the malting industries, and last not least, depressed prices of malting barley because of continuously abundant supplies.


Japan: Asahi Breweries to set up 5th beer plant in China

Asahi Breweries will invest 4 billion yen (US$36 million; Јб28 million) to build a new plant in China amid intensifying competition in China's beer market, the world's biggest, The China Post posted Sunday, May 14.

The plant, to be built in the southern city of Huzhou in Zhejiang province, will start production in May 2007 with an annual production capacity of 100,000 kiloliters (26 million gallons), Japan's business daily Nihon Keizai said.


That would increase the company's total annual beer production in China by 15 percent to 770,000 kiloliters (200 million gallons), the largest among Japanese breweries in China, the paper said, without citing sources.

Officials at Asahi were not available for comment Sunday.

Asahi, which has the largest share in Japan's beer market, aims to increase beer sales to 740,000 kiloliters (192 million gallons) a year in 2007, up 26 percent from 2005, the paper said.

The paper said that the China's beer market became the world's largest in 2003 surpassing the U.S. and major beer companies such as Belgian-Brazilian brewer InBev and American company Anheuser-Busch are expanding businesses in China.


Canada: Sleeman Breweries for sale

Sleeman Breweries Ltd., the biggest beermaker based in Canada, said that it may sell itself after the chief executive officer of bigger rival InBev NV said the Ontario brewer is examining a transaction, Bloomberg announced May 12.

The brewer, based in Guelph, Ontario, "believes it is appropriate to undertake a comprehensive review of all our strategic and financial options," Chief Executive Officer John Sleeman said in a statement. There is no guarantee of a transaction, which may include a sale or merger, the brewer said.

The company's shares rose 15 percent, the most in almost seven years, before being halted May 12 after InBev CEO Carlos Brito said “Sleeman is putting the company for sale'' during a conference call for InBev's first-quarter results. Sleeman has a market value of about C$195 million ($176 million), based on yesterday's closing stock price.

Christopher Fernyc, who holds about 830,000 Sleeman shares among the equivalent of $1.08 billion he oversees at Bissett Investment Management in Calgary, said before Sleeman's announcement that a sale “wouldn't surprise'' him.

"They are getting squeezed on both sides" by competition from smaller discount brewers such as Lakeport Brewing Income Fund and larger companies including Molson Coors Brewing Co., Fernyc said ...
More Info

Barley News
Australia: ABB Grain re-estimates barley pool indicators

ABB Grain Ltd has release May 16 its reviewed gross barley pool indicators for 2005/2006 and had left its price estimates unchanged.

ABB Grain’s General Manager Marketing, Nigel Officer, said the estimates had remained steady despite recent upward currency movements in the Australian dollar, which had seen it rise to almost 78c against the greenback.

Current gross estimates are as follows:

Victorian and east coast pools - 2005/2006 season
Victorian No. 1 malting (closed October 31) - A$191/tonne
Victorian No.1 feed (closed October 31) - A$168/tonne
East coast (Vic, NSW & Qld) No.2 malting (closed January 24) - A$186/tonne
East coast (Vic, NSW & Qld) No.2 feed (closed January 24) -A$163/tonne
East coast (Vic, NSW & Qld) No.3 malting (opened January 24) - A$168/tonne
East coast (Vic, NSW & Qld) No.3 feed (opened January 24) - A$150/tonne

A $5/t premium also applies to Baudin and Sloop malting varieties for 2005/2006 although this is the last season that premium will apply.


World: USDA projects 2006/07 figures on barley

Global barley trade is forecasted by the Foreign Agricultural Service of the United States Department of Agriculture in its 15 May released “Grain: World Markets and Trade” Circular to drop in 2006/07 nearly a million tons as a result of reduced demand in North African markets.

Barley and forage crops in Morocco, Tunisia, and Algeria are estimated to be very large, and imports are consequently forecast to fall by nearly two-thirds. Among exporters, Canada is expected to reduce shipments as production is forecast to be the smallest in 4 years. Meanwhile, supplies in Australia and EU-25 are estimated to be large and exports steady. For the Black Sea region, although barley crops are expected to be up slightly in Russia and Ukraine, higher feeding in the face of smaller wheat crops will likely constrain any growth in exports.

The report highlights a projection of the world barley production and consumption worth respectively 143,443 and 144,075 thousand metric tons. It consecutively forecasts the regional barley imports for EU to 350 thousand metric tons, 400 thousand metric tons for North America, 535 thousand metric tons for Latin America and 3800 thousand metric tons for East Asia. Production is designed to attain respectively ...
More Info

Hops News
Czech Republic: Hop-growing area declining in Czech Republic

Hops are grown on 5,640 hectares in the Czech Republic this year, a fall of 212 ha on the year, and the hop-growing area has decreased by 635 ha since 2000, Zdenek Rosa from the hop growers association told CTK May 15.

Hop field renovation is costly, hop growers lack money and subsidies are missing, said Rosa.

"Areas planted with hops were smaller 135 years ago. In 1871, there were 5,300 ha of hop fields in Bohemia and areas have expanded since that time," Rosa said.

In 1993, there were 10,547 ha of hop fieds, the highest figure, and since that time the hop-growing area has declined by 48 percent.

Almost a half of hop plants is older than 15 years, three years above the ideal average.

It costs about CZK 500,000-700,000 to build one hectare of a new hop field.

Higher subsidies are needed to stop the fall of the hop-growing area. Hop growers believe EU money will be drawn to boost hop growing in the Czech Republic between 2007 and 2013, said Rosa.

Czech hop harvest amounted to 7,831.2 tonnes last year, a year –to-year rise of 24 percent from 6,310 tonnes, with yield at 1.38 tonnes per hectare, while in 2004 it was 0.3 ...
More Info

Scientific Digest
The effect of storage conditions on post-harvest maturation and maltability of barley
Rainer Reuss1, Julie Cassells, Jane Green, Tracy Willis1, Ralph Nischwitz 1 CSIRO, GPO Box 1700, Canberra, ACT, 2601. Julie.Cassells@csiro.au. www.csiro.au. 2 Barrett Burston Malting Co., 15 Gough Street, Richmond, Victoria 3121 nischwitz@bbmalt.com.au

Abstract:
Storage conditions have a major influence on the rate at which dormancy breakdown occurs. The rate of breakdown depends mainly on grain moisture content, storage temperature, storage time and the characteristics of individual batches of barley. Data presented in this paper are a significant addition to the existing knowledge on post harvest maturation of Australian malting barley. Germination of Gairdner and Sloop increased at low moisture content (mc) at storage temperatures above 20oC, as water sensitivity progressively broke down. In contrast, Grimmett germination declined under similar conditions. Stirling was very robust and maintained its germination even under high temperature storage, while Tallon had to be stored below 25°C to prevent loss in barley quality. Samples with high water sensitivity and dormancy were less vulnerable to germination loss. Dormancy and water sensitivity could be overcome by matching storage conditions and barley characteristics. Gairdner, Sloop and Stirling, all samples with some level of dormancy and water sensitivity, showed improved maltability after storage, while Tallon and Grimmett, samples with high pre-storage germination, decreased in maltability under most storage conditions. Longer term storage under mild conditions generally resulted in better malting outcomes. Storage affected Kohlbach index, wort b-glucan, diastatic power and apparent attenuation limit of malt. Changes in germination and maltability need to be considered in combination to develop optimum storage strategies for breaking dormancy and water sensitivity. In dormant grain, enzyme activity of a-amylase and b-glucanase changed with storage, while b-amylase measurements showed no clear trends. Enzyme activity decreased at higher mc and temperatures concurrent with germination loss. Changes in enzyme activity were highly sample-dependent. An understanding of the vulnerability of particular cultivars to damage in storage will assist in increasing and preserving value. Barley with pronounced levels of dormancy and/or water sensitivity can be safely stored at 25° to 30°C for short periods to increase germination. Care must be taken to monitor germination during storage, and moisture content should be kept at or below 12%. Dormant barley stored at low temperatures may not reach malting quality, even over a 12 month period. Key Words: Storage, germination, malting, amylase, glucanase, dormancy, water sensitivity
... Load full article, 10 pages, 120 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2878 May 16, 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  157.50  119.00  153.50 
2RS  Prestige  118.00  152.00  118.00  152.00 
2RS  Cellar  116.50  150.50  116.00  149.50 
2RS  Sebastien  116.00  149.50  115.50  149.00 
2RS  Astoria  115.00  148.50  115.50  149.00 
2RS  Cork   114.00  147.00  115.00  148.50 
6RW  Esterel   105.00  135.50  106.00  136.50 
Theoretical malt prices.
  EURO = USD 1.2878 May 16, 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  326.50  268.00  345.00  268.00  345.50  282.50  363.50 
2RS  Prestige  249.00  320.50  263.00  338.50  263.00  339.00  277.50  357.50 
2RS  Cellar  247.00  318.00  261.50  336.50  261.50  336.50  275.50  355.00 
2RS  Sebastien  246.50  317.00  260.50  335.50  260.50  335.50  275.00  354.50 
2RS  Astoria  245.00  315.50  259.50  334.00  259.50  334.00  274.00  352.50 
2RS  Cork   244.00  314.00  258.00  332.50  258.50  332.50  272.50  351.00 
2RS   Average price  247.50  318.50  261.50  337.00  262.00  337.00  276.50  355.50 
6RW  Esterel   232.00  299.50  247.00  318.00  247.00  318.50  261.50  337.00 
Asia Malt 70/30  243.00  313.00  257.50  331.50  257.50  331.50  272.00  350.00 
**  Asia Malt 50/50  240.00  309.50  254.50  327.50  254.50  327.50  269.00  346.50 

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

EU MALTING BARLEY SUPPLY AND DEMAND ESTIMATE 2006/2007

in 1.000tons Malt Capacity on 01/01/2006 Estimated Malt Production Barley Demand Supply Spring malting barley Supply Winter malting barley Net Plus/Minus
Northwest:             
Belgium  736  700  875  25  6rw 1,150 2rw 350  -850 
France  1255  1200  1500  1600  2rw 50  +1600 
Germany  2082  1800  2250  1300  ­ -900 
Ireland  128  120  150  200  ­  +50 
Netherlands  345  300  375  250  ­  -125 
United Kingdom  1473  1350  1685  1300  2rw 600  +215 
Total Northwest  6019  5470  6835  4675  2150  -10 
Baltic:             
Denmark  277  260  325  1250  ­  +925 
Finland  172  150  185  150  ­  -35 
Lithuania  82  80  100  150  ­  +50 
Poland  305  300  375  200  ­  -175 
Sweden  170  150  185  225  ­  +40 
Total Baltic  1006  940  1170  1975  ­  +805 
Southeast:             
Austria  150  150  190  170  ­  -20 
Czech Republic  515  500  625  800  ­  +175 
Hungary  133  100  125  75  ­  -50 
Slovakia  259  250  310  300  ­  -10 
Total Southeast  1057  1000  1250  1345  ­  +95 
Mediterranean:             
Greece  45  45  55  ­  ­  -55 
Italy  70  55  70  30  ­  -40 
Portugal  82  75  95  ­  ­  -95 
Spain  488  450  560  500  ­  -60 
Total Mediterranean  685  625  780  530  ­  -250 
NET TOTAL  8767  8035  10035  8525  2150  +640 

Newsletter SummaryTop
Graph of the week

NB: A big part of French malt exported to Belgium is re-exported to overseas markets through Antwerp harbor.

These Days in Business History
May 15th 1878
The Tokyo Stock Exchange Co., Ltd. is established, primarily to trade bonds.

May 15th 1940
Nylon stockings go on sale for 1st time (US)

May 16th 1903
First transcontinental motorcycle trip begins at San Fransisco (George Wymann)

May 16th 1965
Spaghetti-O's first sold

May 17th 1792
The New York Stock Exchange was established when a group of 24 brokers and merchants met by a tree on what is now Wall Street and signed the Buttonwood Agreement.
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:
Fête de la Bière , Switzerland. Presented By: Association des Buveurs d'Orges
Brewers of Europe - General Assembly 2006 Stavanger, Norway
23rd Annual International Beer Tasting USA
Character Beer Weekend Hop 2006, Belgium
Food industry - 2006, Belarus. The 2nd international exhibition
Agro+Food+Drink+Tech Expo Georgia - 2006. The 7th International exhibition.
American Beer Fest Boston
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
Qingdao International Beer Festival, China.Barley and hops and more
Olesummer Festival 2006, Estonia. The Nordic countries' largest festival
The Beer World - 2006,Saransk, Russia.The specialized exhibition
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
Copyright © E-Malt s.a. 2006