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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

22 May - 24 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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Newsletter 20b, 2006

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Newsletter 20a, 2006

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Newsletter 19b, 2006

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Newsletter 19a, 2006

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Newsletter 18b, 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 21a
May 22 - May 24, 2006

Quote of the week

"A business that makes nothing but money is a poor business."
Henry Ford


Currency Rates
Base Currency: Euro, EUR
on 23-May-2006

1 EUR = 1.2776 USD
1 EUR = 0.681 GBP
1 EUR = 1.4336 CAD
1 EUR = 1.6989 AUD
1 EUR = 143.194 JPY
1 EUR = 2.8823 BRL
1 EUR = 34.5835 RUB
1 EUR = 10.2653 CNY
Base Currency: US Dollar
on 23- May-2006

1 USD = 0.7829 EUR
1 USD = 0.533 GBP
1 USD = 1.1221 CAD
1 USD = 1.3298 AUD
1 USD = 112.096 JPY
1 USD = 2.2561 BRL
1 USD = 27.0696 RUB
1 USD = 8.035 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Malaysia: Carlsberg Malaysia announces first quarter 2006 net profit surges to RM32 Million... Click here

UK: Brewer Young's to merge with East Midlands rival Charles Wells... Click here

Portugal: The seventh European Union beer exporter... Click here

China: Anheuser-Busch in talks to buy shares in Henan Jinxing Beer Group... Click here

Japan: Asahi Breweries focuses on beer-like brands... Click here

Poland: TV refrain from beer adverts during Pope’s visit... Click here

Australia: Hamelin barley not sensitive to metribuzin herbicide... Click here

USA: Totals of 2005 domestic hop production... Click here

More News
Ukraine: Beer prices are to increase ... More Info

USA: Miller Genuine Draft tries to brew up interest with new attitude ... More Info

Canada: Quebec small retailers ask government to hike price of beer ... More Info

UK: Cobra Beer targets women with less than 100 calories in a bottle ... More Info

Mexico & China: Modelo expects to increase exports to China ... More Info

Canada: SABMiller - a potential buyer of Canada's top brewer ... More Info

USA: Sale of Latrobe Brewing Co clouds future of town ... More Info

Canada: Big Rock Brewery Income Trust announces monthly distribution ... More Info

Australia: New group leader for Gladstone strategic site ... More Info

Finland: Ralf Hollmén elected chairman of the Federation of the Brewing and Soft Drinks Industry ... More Info

USA: Anheuser-Busch Cos. Inc launches Bacardi Silver Peach ... More Info

Germany: German beer lovers can already taste defeat ... More Info

USA: FDA completes barley products health claim ... More Info

Russia: Baltika spends 10.2 million rub. for 0.009% minorities’ shares ... More Info

UK: Anheuser-Busch Beer sends water to New Hampshire ... More Info

Germany: Radeberger to take over Freiberger Brauhaus ... More Info

Israel: Tuborg issues a lemon-flavored seasonal beer ... More Info

Singapore: Beverage stocks are being currently overpriced ... More Info

USA: Rallying in support for beer jobs ... More Info

UK: Young & Co announces financial results and brewery closure ... More Info

India: Mallya strengthens presence in Europe by biding to acquire Taittinger ... More Info

Ghana: GSE Index jumps up on Ghana Breweries gain ... More Info

Uganda: Nile Breweries joins UBBA and re-launches an early 1990s competition ... More Info



Brewery News
Malaysia: Carlsberg Malaysia announces first quarter 2006 net profit surges to RM32 Million

Carlsberg Brewery Malaysia Bhd posted a higher net profit of RM32.21 million for the first quarter ended March 31, 2006, up 35% from RM23.85 million a year ago. Despite a better first-quarter net profit and revenue, the group remains cautious and expects a "very challenging" 2006, Business Times posted May 23.

It said on May 22 that revenue rose 3.52% to RM263.64 million from RM254.67 million due to increased sales volumes during the Chinese New Year period. Earnings per share were 10.54 sen, up from 7.8 sen a year ago.

Pre-tax profit was RM41.84 million, compared with RM31.18 million a year ago, the brewer said.

Carlsberg said the higher earnings were due to less aggressive price discounting during the 2006 Chinese New Year festive period and lower marketing expenditure.

On the current year prospects, it said the government’s move to increase excise duty had adversely affected the consumption of beer and stout.

“The prices for beer and stout products have now reached a level which is relatively high compared with that of other imported hard liquor products,” it said.

It was also concerned about the decline in sales due to higher prices, which had also reduced government revenue from duties ...
More Info


UK: Brewer Young's to merge with East Midlands rival Charles Wells

Young & Co’s Brewery is today expected to end more than 400 years of brewing heritage by shifting production of its ales from Wandsworth, southwest London, to Bedford, The Times has learnt May 23.

The company, which is selling its historic Ram Brewery site for redevelopment in an expected £80 million deal, has formed a joint venture with Charles Wells, the family controlled Bedford brewer, which will assume ownership of such beers as Young’s Bitter, Young’s Special and Waggle Dance.

The joint venture, which has already been registered at Companies House, has been dubbed Wells & Young’s Brewing Company. It will assume ownership of both companies’ beer portfolios, as well as all brewing, wholesaling and distribution of those brands.

Young’s, whose wine business will also be part of the venture, will have a stake of about 40 per cent. The balance will be owned by Charles Wells, which is contributing its Eagle Brewery in Bedford.

Young’s announced more than two years ago that it was discussing the future of its 5½-acre site with Wandsworth Borough Council. The council indicated that, as part of a wider redevelopment of the town centre, it would consider changing the designation of the site to ...
More Info


Portugal: The seventh European Union beer exporter

1.5% of the Portuguese GDP are accounted by beer exports, The Portuguese Association of Brewing companies (APCV) recently reported. This figure ranks Portugal the seventh beer exporter by volume in the European Union.

Exports are evaluated to EUR 131 million (US$ 165.64 million). Imports are way less than exports, totalling EUR 11.9 million (US$ 15.05 million). The sector contributes annually EUR 874 million (US$ 1.11 million) as tax payer.


China: Anheuser-Busch in talks to buy shares in Henan Jinxing Beer Group

Anheuser-Busch Cos. Inc. is reportedly in talks to buy a stake in Henan Jinxing Beer Group, China's fourth-largest brewer, according to the Chinese newspapers 21st Century Business Herald and the Shanghai Daily News, St. Louis Business Journal posted May 21.

Several news outlets reported in October 2004 that Anheuser-Busch was considering a $1 billion stake in Jinxing Beer. Steven Burrows, president and chief executive of Anheuser-Busch's international operations, denied at the time that the two companies were engaged in talks.

State-owned Jinxing is the top brewer in Henan province with about 10 affiliates in other parts of the country, according to Agence France Press.

Flat domestic beer sales have pushed Anheuser-Busch, the nation's largest brewer, to tap into growing international markets. The company has focused much of its international investment in China.

Anheuser-Busch owns a 27 percent stake in Tsingtao Brewery Co. Ltd., the largest brewer in China and producer of the Tsingtao brand.

In 2004, Anheuser-Busch purchased 100 percent of Harbin Brewery Group Ltd., China's fifth-largest brewer with 13 breweries in northeastern China.

The St. Louis-based brewer also has a 97 percent equity interest in the Budweiser Wuhan International Brewing Co. Ltd., a joint venture that owns and operates ...
More Info


Japan: Asahi Breweries focuses on beer-like brands

Asahi Breweries Ltd. aims to strengthen its low-malt and no-malt beer categories, its new president said May 23, as Japan's biggest beer maker faces the imminent threat of losing the top spot to second-ranked Kirin Brewery Co., Reuters informed the same day.

President Hitoshi Ogita, who took the helm at the end of March after heading the group's soft drink unit, Asahi Soft Drinks Co. , said costs may rise but the company targeted an operating profit margin of 7-8 percent in the mid to long term with higher sales.

It had forecast a margin of 7 percent in 2006.

"By creating new products or improving the current ones, we have to be the top brand in the happoshu and beer-like drink categories where other companies currently outdo us," Ogita, 64, told Reuters in an interview. "Otherwise our domestic alcohol business will have no future."

It would be a shift of strategy for Asahi, which has poured resources to its flagship Super Dry, a brand that holds nearly half of the domestic market for regular beer.

In January-March Kirin's total beer sales surpassed Asahi's for the first time in six years at 38.4 percent to 36 percent due to the popularity ...
More Info


Poland: TV refrain from beer adverts during Pope’s visit

Beer adverts will reportedly be banned from Polish television this week when the Pope visits, the Warsaw Business Journal informed May 22.

Polish viewers may find a rather more refrained variety of programmes and adverts served up during the visit of Pope Benedict – which begins May 25.

Broadcasters have apparently banned the promotion of 'inappropriate products' as well as any ads which rely on sexual innuendo.

The three state-run TV channels have asked to vet any material due to be shown during the tour.

“There is always the risk that the faithful may feel hurt if programming devoted to the Pope's visit is interrupted by frivolous ads,” said Zbigniew Badziak, head of advertising at the state network.

Viewers will not see commercials for beer or underwear, nor are they likely to see TV spots advertising bras, sanitary towels or contraception. Admirers of young, beautiful bodies will also be disappointed, as there will probably be no nudity shown during the Pope's visit.

TVP claims that the self-censorship was not motivated by pressure from politicians or the Church, but out of "respect for the sublime character of the religious event." A similar policy was undertaken during the pilgrimages of the late Pope John Paul ...
More Info

Barley News
Australia: Hamelin barley not sensitive to metribuzin herbicide

With the growing trend for increased sowing of Hamelin malt barley in Western Australia, growers can be confident that Hamelin is not sensitive to metribuzin herbicide under normal environmental conditions, the Department of Agriculture and Food informed May 23.

Department of Agriculture and Food Research Officer Dr Harmohinder Dhammu has reported that research from small plot trials at two wheatbelt locations from 2002 to 2004, has conclusively shown that trial rates of 112g a.i./ha of metribuzin, applied before sowing with trifluralin at 400 g a.i./ha, did not affect the grain yield of Hamelin or any of the other commonly grown malt barley varieties Stirling, Gairdner or Baudin.

“The only environmental factors that would make Hamelin, as well any of the other varieties, sensitive to metribuzin is where the chemical is concentrated into the seed slot by furrow filling due to heavy rainfall before crop emergence or the paddock is under waterlogged conditions,” Dr Dhammu said.

Hops News
USA: Totals of 2005 domestic hop production

Hop production for Idaho, Oregon, and Washington in 2005 totaled 52.9 million pounds (24.045 thousand metric t), down 4 percent from the 2004 crop of 55.2 million pounds (25.1 thousand metric t), and 3 percent below the 2003 production of 54.6 million pounds (24.8 thousand metric t), the U.S. Department of Agriculture released in a National Hop Report.

Idaho's 2005 production increased 4 percent. Production in Washington and Oregon dropped 5 percent and 6 percent, respectively.

Acreage increased in all three states in 2005. Washington showed a 9 percent acreage increased. Idaho and Oregon were both up 1 percent. Yields declined in Washington to 1,871 pounds per acre, and in Oregon to 1,560 pounds per acre. Idaho yields averaged 1,640 pounds per acre, 52 pounds more than a year ago.

Washington growers produced 75 percent of the U.S. hop crop for 2005. Zeus, Columbus/Tomahawk, Galena, and Willamette were the leading varieties in Washington, accounting for 70 percent of the State's hop crop. In Oregon, Willamette and Nugget were the major varieties, accounting for 74 percent of the hops harvested.

Scientific Digest
An Investigation on the Detection of Potential Loss of Germinative Capacity During Storage of Malting Barley
X. S. Yin, J. E. Foster, and M. Browers, Prairie Malt Limited/Cargill Malt Americas, Biggar, SK, Canada, S0K 0M0; S. Schroeder, M. Izydorczyk, and A. W. MacGregor, Grain Research Laboratory, Canadian Grain Commission, 303 Main Street, Winnipeg, MB, Canada, R3C 3G8; and M. L. H. Gruwel, and S. Abrams, Plant Biotechnology Institute, NRC, 110 Gymnasium Place, Saskatoon, SK, Canada, S7N 0W9

Abstract:
J. Am. Soc. Brew. Chem. 64(2):94-99, 2006 In the current collaborative work, barley samples covering several crop years in Canada were investigated for germinative capacity during storage. The first set of samples was sent to China for storage under typical local conditions while the control samples were stored at 5°C in Canada. Subsamples were taken from the material stored in China at intervals during the summer season and returned to Canada for analysis. Germination and a-amylase tests were carried out on the control and stored samples. Some samples that appeared to be acceptable at harvest were found to suffer germination losses as much as 70% during the process. In addition, commercial pearling tests and a rapid paper test used to detect preharvest sprout damage in wheat were carried out on the control samples. Correlation of the results with a-amylase values and the germination change after storage was studied. Samples that showed deterioration during storage were also subjected to examination using magnetic resonance imaging and near-infrared hyperspectral imaging (NIHI). The majority of nongerminating kernels exhibited a sharp interface between the endosperm and embryo in the ratio images produced by NIHI. Differences in the kernel images between the samples of different germinative capacity were apparent. The presence of the endosperm/embryo interface in the absorbance ratio image is therefore likely to correlate with a kernel’s inability to germinate. The observation provides significant insights into the understanding and prevention of loss in germinative capacity in storage and handling of malting barley. Keywords: a-Amylase, Germination, Magnetic resonance imaging, Near-infrared hyperspectral imaging, Pregermination, Sprouting
... Load full article, 6 pages, 498 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2776 May 23, 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  156.00  119.00  152.50 
2RS  Prestige  118.00  151.00  118.00  151.00 
2RS  Cellar  116.50  149.00  116.00  148.50 
2RS  Sebastien  116.00  148.50  115.50  147.50 
2RS  Astoria  115.00  147.00  115.50  147.50 
2RS  Cork   114.00  146.00  115.00  147.00 
6RW  Esterel   105.00  134.50  106.00  135.50 
Theoretical malt prices.
  EURO = USD 1.2776 May 23, 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  324.00  268.00  342.50  268.00  342.50  282.50  361.00 
2RS  Prestige  249.00  318.00  263.00  336.00  263.00  336.00  277.50  354.50 
2RS  Cellar  247.00  315.50  261.50  333.50  261.50  334.00  275.50  352.50 
2RS  Sebastien  246.50  314.50  260.50  333.00  260.50  333.00  275.00  351.50 
2RS  Astoria  245.00  313.00  259.50  331.50  259.50  331.50  274.00  350.00 
2RS  Cork   244.00  311.50  258.00  330.00  258.50  330.00  272.50  348.50 
2RS   Average price  247.50  316.00  261.50  334.50  262.00  334.50  276.50  353.00 
6RW  Esterel   232.00  297.50  247.00  315.50  247.00  315.50  261.50  334.00 
Asia Malt 70/30  243.00  310.50  257.50  328.50  257.50  329.00  272.00  347.50 
**  Asia Malt 50/50  240.00  306.50  254.50  325.00  254.50  325.00  269.00  343.50 

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

USA Barley Supply and Distribution

 MY June/May, TY Oct/Sept

1999/00 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07*f
 Area harvested, thousand ha  1,851  2,104  1,729  1,669  1,913  1,627  1,323  1,295 
 Yield, t/ha 3.2  3.3  3.1  3.0  3.2  3.7  3.5  3.4 
 Production, thousand metric t 5,922  6,919  5,407  4,940  6,059  6,091  4,613  4,463 
 Imports / Mkt Year, thousand metric t 602  636  521  402  449  264  109  327 
 Imports / Trade Year, thousand metric t 644  663  538  282  497  157  200  300 
 Exports / Mkt Year, thousand metric t  613  1,258  575  659  409  506  653  544 
 Exports / Trade Year, thousand metric t 853  1,068  517  552  384  750  400  500 
 Feed Cons., thousand metric t 2,827  2,951  2,272  1,819  1,617  2,287  1,197  980 
 Total Cons., thousand metric t  6,571  6,407  5,661  5,179  4,990  5,672  4,572  4,355 
 Ending Stocks, thousand metric t 2,424  2,314  2,006  1,510  2,619  2,796  2,293  2,184 

Source: USDA, May 2006, *f - forecast


Newsletter SummaryTop
Graph of the week


These Days in Business History
May 22th 1570
First atlas, with 70 maps, published

May 22th 1761
First life insurance policy in US, issued in Philadelphia

May 23th 1922
Walt Disney incorporates his 1st film company Laugh-O-Gram Films

May 23th 1934
The Brooklyn Bridge, linking Manhattan and Brooklyn in New York City, opened to traffic.

May 24th 1960
1 millionth Dutch telephone installed

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
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