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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt 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
Do you know e-malt.com?

Average market prices
Change trend
01 June - 02 June 2006
Crop 2005
2rs Barley €116.00-118.00   
6rw Barley €104.00-106.00   
2rs Malt €249.50-251.50  1.21%
6rw Malt €233.50-235.50  1.08%
Crop 2006
2rs Barley €115.50-117.50   
6rw Barley €105.00-107.00   
2rs Malt €244.00-246.00  1.03%
6rw Malt €229.50-231.50  0.88%

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 22a, 2006
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Newsletter 21b, 2006
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Newsletter 21a, 2006
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Newsletter 20b, 2006
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Newsletter 20a, 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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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.

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E-malt.com Newsletter 22b
Jun 01 - Jun 02, 2006
Quote of the week

"Beer makes you feel the way you ought to feel without beer."
Henry Lawson


Currency Rates
Base Currency: Euro, EUR
on 02-June-2006

1 EUR = 1.2787 USD
1 EUR = 0.6853 GBP
1 EUR = 1.4109 CAD
1 EUR = 1.7083 AUD
1 EUR = 144.139 JPY
1 EUR = 2.9411 BRL
1 EUR = 34.6262 RUB
1 EUR = 10.2688 CNY
 Base Currency: US Dollar
on 02- June-2006

1 USD = 0.7822 EUR
1 USD = 0.536 GBP
1 USD = 1.1034 CAD
1 USD = 1.336 AUD
1 USD = 112.733 JPY
1 USD = 2.3001 BRL
1 USD = 27.0801 RUB
1 USD = 8.0309 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Colombia: SABMiller picks BNP to carry out public offer on Bavaria... Click here

Georgia: 2005 beer production reached 50.864 million litres... Click here

Estonia: Saku Õlletehase AS released its financial results of Q1 2006... Click here

Canada: Labatt Breweries rolls out its own version of Brahma... Click here

World: Beer industry to be focused on brand identity... Click here

France: Schutzenberger brewery legally closed... Click here

EU: Malt production costs are to increase this year, analysts said... Click here

USA: Researchers say hops might be effective in the prevention of cancer... Click here

More News
USA: New Sam Adams Brewery to open in the first half of 2008 ... More Info

Latvia: Lacplesa Alus Brewery reports losses ... More Info

USA: Anheuser-Busch rolls out Beach Bum Blonde Ale, the fourth seasonal brew ... More Info

UK: Securing the future of Britain's ale traditions on a tough beer market ... More Info

USA: Pittsburgh Brewing willing to talk about buying Latrobe Brewing Co. ... More Info

Germany: Brewer deploys supply chain solution from Adexa to optimize demand planning operations ... More Info

South Africa: SABMiller commits $US2.5 million to investment climate facility for Africa ... More Info

UK: Shepherd Neame aims for young males with new advertising campaign for Bishop's Finger ... More Info

India: UB to set up the first brewery in N-E states ... More Info

UK: EU report on alcohol provides shock headlines ... More Info

World: Rusts found 'unlikely' to develop strob resistance ... More Info

USA: Pennichuck Brewing Co puts its first ale on tap ... More Info

UK: Heineken lager Bonds with 007 in Casino Royale ... More Info

USA: KettleHouse to introduce its Double Haul IPA beer in pop-top cans ... More Info

South Africa: SABMiller appoints VWV to produce corporate video ... More Info

Canada: Northern Breweries to justify operations ... More Info

Nigeria: Guinness leads gainers at Exchange ... More Info

UK: Cumbrian brewery makes first steps towards raising production in the coming years ... More Info

USA: Dahlheimer captures Coors “President’s Award” ... More Info

Zambia: Zambian Breweries Plc announced fiscal results for the year ended March 31 ... More Info

USA: The Finkels back to Seattle brewing business ... More Info

Botswana: Brewer reports poor performance season ... More Info

UK: Wolverhampton & Dudley Breweries to engage structural changes ... More Info

India: Impala restarts ‘Belo cash back offer’ ... More Info

South Africa: Beverage cans the most recycled ... More Info

USA & Vietnam: Cargill applauds U.S.-Vietnam World Trade Organization Accession Agreement ... More Info



Brewery News
Colombia: SABMiller picks BNP to carry out public offer on Bavaria

London-based SABMiller PLC said May 24 it chose French investment bank BNP Paribas SA to carry out an obligatory public tender offer to purchase the stake it doesn't own in Colombia's biggest brewer Grupo Empresarial Bavaria SA, Dow Jones’ MarketWatch announced May 25.

In December, SABMiller paid $1.2 billion to buy a 25.2% stake in Bavaria in a public tender offer. With that operation, SABMiller raised its stake in Bavaria to 97%. The company then further raised its stake, buying shares on the open market and owns all but a little more than 2.3% of the beer maker.

Under Colombian law, if one disappointed minority shareholder requests an additional public tender offer, the company is forced to undertake the operation. In July, SABMiller had agreed to pay $7.8 billion to Bavaria's previous owner, Julio Mario Santo Domingo for his 71.8% stake in the company.

Juan Claudio Morales, a former manager of the bankers' association, Asobancaria, and also a minority shareholder in Bavaria claimed in December, SABMiller had paid Santo Domingo more than the minority shareholders.

Colombian traders are speculating the new public tender offer might take place on late August.

Georgia: 2005 beer production reached 50.864 million litres

Statistics provide that Georgia’s 2005 beer production reached 50.864 million litres, which is GEL43.910 million in money expression (about US$24 million), a jump of 10.102 million litres year-on year. In 2004, the reported beer production level was 40.762 million litres (GEL34.838 million). The Georgian annual average beer production increase is 15%, The Union of Russian Brewers reported May 31.

There were 15 breweries in 2005 in Georgia releasing 32 brands.

The volume of imported beer has fallowed the same increasing trend. According to 2004 figures, Georgian beer importers have brought into their country 3.361 million litres of beer (US$2.250 million). In the 2005, imports of beer reached 9.257 million litres for an amount of US$5.257 million. During the first three mounts of 2006, Georgia imported 1.084 million litres of beer (US$590,000).

Presently more than 80% of the beer domestic market is being controlled by local beer producers. Imported beer satisfies 15% of Georgian beer-drinkers’ tastes. It is important to note that last year imported beer’s share of Georgian market totaled more than 9%, while in 2004 it was near 5%.

Ukraine and Russia are the leading suppliers of Georgian imported beer. The country of Ararat imported 4.703 million litres of beer from ... More Info

Estonia: Saku Õlletehase AS released its financial results of Q1 2006

Estonia’s largest brewery Saku Õlletehase AS said its beverage sales for the first quarter of 2006 totalled 15.48 million litres, 656,000 litres or 4.4% up on the corresponding period in 2005. Revenue amounted to EEK 125.1 million (€7.9 million), an EEK 15.6 million (€997,000) or 14.2% improvement compared to a year ago, the company released May 31.

The growth resulted, above all, from larger beer sales and a rise in profitability.

"Saku Õlletehase AS ended the first quarter with strong results: our beers expanded their market share and the company's profitability improved. We have succeeded in implementing our strategy through systematic enhancement of the product range and consistent reduction of the cost base. We have launched new and reduced the share of less profitable products and have rationalised our logistics structure," said Acting Chairman of the Management Board Janno Veskimäe in his commentary on the company's first quarter results.

Expenses for the quarter totalled EEK 113.7 million (€7.2 million), EEK 8.3 million (€531,000) or 7.9% up on the same period in 2005. Expenses have grown mainly on account of rising raw materials prices and changes in the product range which have resulted in additional expenses of EEK 2.1 million (€135,000). Transport expenses ... More Info

Canada: Labatt Breweries rolls out its own version of Brahma

Molson Coors Brewing Co. couldn't get anyone to drink its Brazilian import, but that hasn't stopped Labatt Breweries of Canada from rolling out its own version this spring, The Canadian Business posted June 01.

Now available from Quebec westward, Brahma supposedly fills a gaping hole in Labatt's lineup: an "international player in clear glass," says spokesman James Villeneuve. Apparently, beers are no longer categorized by style or price, but by bottle colour and location. That's understandable, since Brahma doesn't exactly offer an exotic taste explosion. Indeed, Labatt seems proud that Brahma, the world's sixth-best-selling beer, has a "clean flavour" and "no aftertaste." In that respect, Brahma isn't much different than A Marca Bavaria, Molson's Brazilian experiment, but the similarities end there.

Molson tried selling A Marca Bavaria using a tacky soft-porn television ad that boasted "there are no sins below the equator." It also positioned the beer as "super premium," even though it was clearly neither of those things — especially in Brazil, where it is considered a poor man's brew. Of course, this is the same company that believes its own Canadian brand deserves the "premium" designation.

With Brahma, which is broadly targeted at a younger market, the legendary Brazilian sex appeal ... More Info

World: Beer industry to be focused on brand identity

The aggressive consolidation within the global beer industry continued apace in 2005, with SABMiller’s acquisition of Grupo Empresarial Bavaria leading a host of takeovers. Although this trend is expected to continue, the pace should be more relaxed during 2006. With this in mind, strengthening brand identity could now become a priority for the leading brewers, Canadean analysts announced June 01.

According to a brand new report from leading beverage industry analysts Canadean, Anheuser-Busch boasts the two largest brands by volume, but the strength of Bud Light and Budweiser lies mainly in the USA. Only Heineken can be regarded as a truly ‘global’ brand and sits firmly at the centre of the Dutch brewer’s business.

Strong branding and a unique on-trade pump have helped Scottish & Newcastle lead the way in the ‘Super-Chilled’ segment. Within 18 months of its launch, some 50,000 ‘condensation’ pumps were installed in the UK alone delivering Foster’s, Kronenbourg Blanc, John Smith’s Extra Cold and Strongbow. InBev’s ‘Big Chill’ campaign is among the competing offerings.

The mature beer markets of Western Europe and North America continue to decline. As a result, the major brewers have focused on high growth emerging markets and in doing so, appear to be ... More Info

France: Schutzenberger brewery legally closed

The Appeal Court of Colmar confirmed the legal closure of the Schutzenberger brewery in Schiltigheim, local media provided June 01. According to Court’s decision, it was improper to envisage any serious investment in equipment because it was estimated technically out of date.

Established in 1740, the Schutzenberger brewery has seen its production falling in five years from 200,000 down to 100,000 hectolitres and its annual turnover from EUR15 million to EUR10 million. It was until recently the only wholly independent Alsatian brewery along with Meteor and Hochfelden.

Malt News
EU: Malt production costs are to increase this year, analysts said

According to recent specialty reports on malt production, the European malt market is undergoing serious changes. And there are victims to be listed among market actors who find themselves affected by such severe market conjuncture.

Following the example of Weissheimer, IMC (International Malting Cooperation) had expressed its willingness to abandon the problematic European malt market. This strategy is likely to result in closing its Northern France, Lille 150,000 t malt capacity factory and to inspire upcoming closures of malt facilities in France and other EU countries.

Nevertheless, European malt demand of 8.1 million t is satisfied by a nearly equal malt supply, or recent estimates say that further malt production facilities closures will balance malt production capacities and malt needs through eliminating excess capacities caused by the building of new factories and declining export opportunities. Exports of malt are steadily growing despite significant fall to Russia, reports say. Exports of malt to other regions represented a growth incentive, as the 2005/2006 exports campaign demonstrated.

Further, the energy supply cost raised malt production costs through inducing a higher malting barley price calculation. It is estimated that the energy price increment will generally determine a EUR 7 – EUR ... More Info

Hops News
USA: Researchers say hops might be effective in the prevention of cancer

About ten years ago, Oregon State University researchers took an interest in hops. In particular, the flavonoid compound xanthohumol found in hops. Although xanthohumol was first discovered almost 100 years ago, no one was aware of the possible health benefits of the compound, The Cancer Blog released May 31.

In the last ten years, Fred Stevens, assistant professor of medicinal chemistry in OSU's College of Pharmacy, as well as a Linus Pauling Institute researcher - with a team of researchers - have been able to determine that hops might be effective in the prevention of cancer.

In the latest published research paper, the researchers are stating that beer looks promising in prostate cancer prevention and prevention of prostate enlargement. Before you get excited at the prospect that drinking beer is cancer prevention, according to the research, you would need to drink more than 17 beers to consume the same amount used in the study. Or you could travel to Germany.

There is a microbrewed beer manufactured and distributed in Germany that is xanthohumol-enhanced, and contains ten times the normal amount of the compound found in regular beer. The beer is not available outside of Germany. Researchers think that a drug containing a ... More Info

Scientific Digest
Polyphenols and Pyrazines
in Beer During Aging
Asaf A. Qureshi, W. C. Burger, and N. Prentice, USDA-SEA, Barley and Malt Laboratory, 501 N. Walnut Street, Madison, WI53705 and Department of Agronomy, University of Wisconsin-Madison

Abstract:
Concentrations of 18 polyphenols and 13 pyrazines in aging bottled beer were determined by high performance liquid chromatography with a reverse phase octadecyl-silica (/*-Bondapak®Ci8) column. Ten to 50 v\ of beer could be directly applied to the column and assayed. Most polyphenols decreased during storage for up to 84 days, but vanillic acid and epicatechin remained constant, and catechin and chlorogenic acid increased markedly. Quercetin was the polyphenol in largest quantity, followed by catechin. Pyrazines were monitored for 56 days' storage. Most levels decreased quickly during the first 48 hr. During the latter half of storage, increases were found in 2-methylpyrazine, 2,6-dimethylpyrazine, and 2-ethyl-5-methylpyrazine, but the remaining pyrazines did not change markedly after five days' storage. No significant changes were observed during storage of frozen beer or of lyophilized beer. No measurable loss in pyrazines occurred during lyophilization. The simple assay procedure has ready application for monitoring these compounds in beer stored under commercial conditions. Key words: Flavor-active compounds, HPLC, Storage changes
... Load full article, 3 pages, 112 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2787 June 02, 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  156.50  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  148.00 
2RS  Astoria  115.00  147.50  115.50  148.00 
2RS  Cork   114.00  146.00  115.00  147.50 
6RW  Esterel   105.00  134.50  106.00  135.50 
Theoretical malt prices.
  EURO = USD 1.2787 June 02, 2006 
Crop year  2005 
Parity  FOB Antwerp 
Position  June 2006-Sept 2006 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  257.00  328.50  271.00  346.50  271.00  346.50  285.50  365.00 
2RS  Prestige  252.00  322.00  266.00  340.50  266.50  340.50  280.50  359.00 
2RS  Cellar  250.00  319.50  264.50  338.00  264.50  338.00  279.00  356.50 
2RS  Sebastien  249.50  319.00  263.50  337.00  263.50  337.50  278.50  355.50 
2RS  Astoria  248.00  317.50  262.50  335.50  262.50  335.50  277.00  354.00 
2RS  Cork   247.00  315.50  261.50  334.00  261.50  334.00  275.50  352.50 
2RS   Average price  250.50  320.50  265.00  338.50  265.00  338.50  279.50  357.00 
6RW  Esterel   234.50  301.00  249.50  319.50  249.50  319.50  264.00  337.50 
*  Asia Malt 70/30  246.00  314.50  260.50  332.50  260.50  333.00  275.00  351.50 
**  Asia Malt 50/50  243.00  310.50  257.50  329.00  257.50  329.00  271.50  347.50 

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

World Supply and Demand Balance of Barley

in mln tonnes 2003-2004  2004-2005p  2005-2006p  2006-2007f 
 Opening stocks  27.5  23.1  30.5  26.8 
 Productions  141.5  153.1  138.9  147.2 
 Total supply  169  176.2  169.4  174 
 Total use 145.9  145.7  142.6  146 
Of which:    
 Food  8.3  8.1  8  8.1 
 Industrial  25  25.2  25.7  25.8 
 Feed  99.7  99.6  95.9  98.8 
 Closing stocks  23.1  30.5  26.8  28 
 Trade  15.2  17  18.1  17.6 

Newsletter SummaryTop
Graph of the week


These Days in Business History
June 1st 1808
First US land-grant university founded-Ohio Univ, Athens, Ohio

June 1st 1990
Dow Jones Avg hits a record high of 2,900.97

June 2nd 1851
First US alcohol prohibition law enacted

June 2nd 1966
First US space probe lands on Moon

June 3rd 1929
First trade show at Atlantic City Convention Center (electric light)

June 4th 1942
Capitol Record Co opens for business

Agenda
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.


August 2006:
GBBF Great British Beer Festival
IHGC Hop tour
10th International Berlin Beer Festival 2006
Toronto’s Festival of Beer is Canada’s premier beer festival
Agrokomplex 2006 , Slovakia. International Fair of Agriculture and Food Industry
Bank Holiday Weekend and International Beer Festival , UK.
Northern Crops Institute Course 2006 Barley Malt Quality Evaluation


More events are available on site e-malt.com
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