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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

19 June - 21 June 2006
Crop 2005
2rs Barley €116.00-118.00   
6rw Barley €104.00-106.00   
2rs Malt €252.00-254.00   
6rw Malt €235.50-237.50   
Crop 2006
2rs Barley €116.00-118.00  0.43%
6rw Barley €105.00-107.00   
2rs Malt €247.00-249.00  0.20%
6rw Malt €231.50-233.50   

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 24b, 2006

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Newsletter 24a, 2006

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Newsletter 23b, 2006

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Newsletter 23a, 2006

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Newsletter 22b, 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.


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E-malt.com Newsletter 25a
June 19 - June 21, 2006

Quote of the week

"Fortune is a woman; if you neglect her to-day, expect not to regain her to-morrow."
Proverb...


Currency Rates
Base Currency: Euro, EUR
on 20-June-2006

1 EUR = 1.2595 USD
1 EUR = 0.6829 GBP
1 EUR = 1.4144 CAD
1 EUR = 1.7085 AUD
1 EUR = 145.474 JPY
1 EUR = 2.8289 BRL
1 EUR = 34.0701 RUB
1 EUR = 10.0966 CNY
Base Currency: US Dollar
on 20- June-2006

1 USD = 0.7941 EUR
1 USD = 0.5422 GBP
1 USD = 1.123 CAD
1 USD = 1.3565 AUD
1 USD = 115.512 JPY
1 USD = 2.246 BRL
1 USD = 27.0501 RUB
1 USD = 8.0163 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Germany: 65,000 workers in the beer industry to produce more than 10% of the world’s beer... Click here

Australia & China: Foster’s brewery hits the Chinese dust. What went wrong?... Click here

World: Recent beer sales statistics... Click here

Czech Republic: Pivovary Staropramen posts a CZK 240.5 million profit in fiscal 2005... Click here

South Africa: SABMiller to sell 25% of its home business... Click here

World: Malt purchases reported during the latest months... Click here

World: Barley production is projected by USDA to increase by 4% in 2006-2007... Click here

World: June 2006 Hop Report by Douglas MacKinnon... Click here

More News
Canada: Labatt Breweries cuts 60 jobs ... More Info

Russia: SUN Interbrew issued RUR11 billion in bonds ... More Info

Ukraine: Barley purchase price stable despite minimal exports ... More Info

USA: Maine breweries to increase production by 22% over last three years ... More Info

UK: Foreign beers to beat city glass ban ... More Info

Australia: Tooheys brewery delivery drivers cease Lidcombe factory blockade ... More Info

Ukraine: Carlsberg to be brewed in Ukraine ... More Info

USA: Feather River Brewing Company keeps on brewing ... More Info

Russia & Ukraine: 2006/07 barley production and exports to grow in Russia-Ukraine-Black Sea region ... More Info

UK: Sinclair Breweries Ltd takes over Atlas Brewery and The Orkney Brewery ... More Info

USA: Sale of Rolling Rock won't dry up western Pennsylvania’s beer legacy ... More Info

Czech Republic: Platan brewery fined for advertising immodest beer drinking ... More Info

UK: Diageo restructures logistic operations ... More Info

India: UB Holdings looks to raise Rs 1,500 crore to fund expansion ... More Info

USA: Rockland County counts its breweries ... More Info

USA: Backwoods Brewing changes name to Dead Frog Brewery ... More Info

UK: Wensleydale Brewery bought The Three Horseshoes ... More Info

USA: Union for workers at Brewing Co. requests bankruptcy judge ... More Info

Czech Republic & Russia: Czech beer increases popularity among Russian beer drinkers ... More Info

USA: Scientists at Agricultural Research Service developed new test for barley scab-resistance ... More Info



Brewery News
Germany: 65,000 workers in the beer industry to produce more than 10% of the world’s beer

Germany has one of the world’s highest per-capita consumption rates of beer (123 litres per person in 2003 and 114.6 l in 2005). The beer industry employs about 65,000 workers, and German beer accounts for more than 10% of the world’s production, The Financial Express posted June 18.

The three states of Bayern, Westfalen and Bremen produce over half of the 115 million hectolitres produced annually in Germany. There are some 1,300 odd breweries in Germany which manage to produce a whopping 5,000-6,000 varieties which is indeed surprising as Germany’s Beer Law restricts brewers to just four basic ingredients (water, barley, yeast and hops), and forbids flavouring beer with any other additives.

For the layman, German beers can be categorised into a couple of broad categories:

Pilsner: With its light golden-colour, this is the most popular beer in Germany. A pint of Pils from the tap usually takes three minutes to pour as the foam needs to settle following each refill before the creamy head results.

Weizen: This beer brewed mainly in Bavaria is unlike others as it is based on wheat and not barley, which gives it a unique colour and flavour. Usually drunk out of tall conical glasses

Kolsch: ...
More Info


Australia & China: Foster’s brewery hits the Chinese dust. What went wrong?

Last week, Foster's sold the last of three breweries in China into which it had pumped large amounts of money, management, technical expertise and hopes. What went wrong? What does the failure of Foster's and its competitor Lion Nathan, which pulled out of its three Chinese breweries nearly two years ago, say about the capacity of Australian manufacturing to follow the rest of the world into China?, The Australian asked June 19.

Most of China's exports are today produced by foreign-owned companies. Yet Australia's best-known brands are only present at the margins.

It was different in the early 1990s, when The South China Morning Post reported on "China fever, which is being compared with the gold rush of the 1850s when thousands of Chinese prospectors poured into Australia to seek their fortune. This time the rush is in the other direction - Australian companies seeking a share of the world's fastest-growing economy". In the first few months of 1993 alone, Australian industry sloshed $1 billion into China. That was when Foster's bought breweries in Guangdong, Tianjin and Shanghai.

Since that first youthful foray into China, Australian manufacturing as a whole has slid down the corporate poll, with only 10 or so ...
More Info


World: Recent beer sales statistics

France: January-March 2006 3.426 million hl, down by 4.2 % year-on-year;

Germany:
January-April 26.439 million hl, down by 2.5 %. In Germany 3.3 million hl of alcohol-free beer and “Malzbier” were produced in 2005. These beers are not part of the statistics, but require 50,000 tonnes of malt per year;

Russia: January-March 2006 beer sales increased by 4.5 %;

South Korea: January-April 2006 beer sales down by 7.27 %.


Czech Republic: Pivovary Staropramen posts a CZK 240.5 million profit in fiscal 2005

Pivovary Staropramen, the second largest domestic beer producer, was back in black figures last year when it netted CZK 240.5 million after a CZK 22 million loss and its sales grew by 2 percent to CZK 3.5 billion, spokeswoman Michaela Tryznova told CTK after a general meeting on June 16.

The shareholders decided that the profit will be used for covering part of the losses from previous years.

Beer sale rose by 3.2 percent to 2.884 million hectolitres. "Exports contributed to the overall increase in the amount of the sold hectolitres [last year]. Net exports grew by 18.5 percent to 547,200 hectolitres," said Tryznova, adding that the company is thus also the second largest Czech beer exporter.

Staropramen is exported to thirty world countries and on foreign markets belongs into the segment of premium and superpremium beers. Among the most important export markets are Great Britain, Germany, Sweden and Slovakia.

"In 2005, foreign licence production of the Staropramen brand rose in a significant way - by 76 percent to 384,000 hectolitres. [Lager] Staropramen Svetly is brewed under licence in Russia, Bulgaria and Ukraine," Tryznova noted.

Pivovary Staropramen in 2004 cut loss form CZK 45 million to CZK 22 million and its sales increased by ...
More Info


South Africa: SABMiller to sell 25% of its home business

SABMiller Plc may sell as much as 25 percent of its South African business to black investors later this year, Business Times said, citing Chief Executive Officer Graham Mackay.

A deal will likely be "constructed" only after South Africa has concluded an "empowerment charter" for the liquor industry later this year, the Johannesburg-based newspaper said, citing an interview with Mackay. SABMiller's South African business probably had an "imputed" market value of 65 billion rand (US$9.4 billion), the newspaper said.

SABMiller is unlikely to fund such a deal itself because it believes "giving away value is not what is required, called for, or justified," the newspaper quoted Mackay as saying.

South African businesses in industries from mining to banking have signed so-called empowerment charters that commit them to selling stakes in businesses to blacks to make up for their exclusion during apartheid, which ended in 1994.

Malt News
World: Malt purchases reported during the latest months

International brewers have always purchased malt later than their European colleagues, analysts said in a market report.

During the past months it was reported that Japan bought malt from Canada, Thailand inquired or purchased from Australia and the EU, however, for shipment late 2006 / early 2007. Carlsberg also looked for offers for Southeast Asia, and the BBH is negotiating large quantities for the Baltic countries.

Barley News
World: Barley production is projected by USDA to increase by 4% in 2006-2007

USDA’s export sales report showed barley exports last week at 3.1 TMT for Canada and Mexico. New barley export sales totalled 100 MT, all for Canada. According to the USDA Export Sales Report, accumulated U.S. barley exports in Marketing Year 2005/06 - which ended May 31, 2006 – totalled 516.5 TMT, compared to 396.9 TMT in the previous year.

USDA made only one minor adjustment to the U.S. barley balance sheet. They lowered 2005/06 barley exports by 5 million bu to 25 million bu and raised U.S. ending stocks by 5 million bu to 110 million bu. That resulted in an increase in 2006/07 beginning stocks of 5 million bu to 110 million bu and higher 2006/07 ending stocks of 5 million bu to 105 million bu. World barley production was increased slightly this month due to bigger crops expected in Russia, Ukraine and the EU.

World barley production is projected to increase by 4% to 144.3 MMT, with consumption outpacing production for the second consecutive year. US production is pegged to decline another 3% to 4.5 MMT.

World barley supplies are estimated to increase slightly to 172.8 MMT, while US ...
More Info

Hops News
World: June 2006 Hop Report by Douglas MacKinnon

It is too early to make predictions regarding the hop crop for 2006 other than to say that supply will be tight at best in some varieties. The hop crop in both the U.S. and Germany got off to a late start due to a colder than normal spring. Hops love the heat however and that late spring in the U.S. was followed by some above average temperature causing hop growth to be ahead of schedule at the time of this writing. German hops remain roughly one week behind schedule, but, as we have seen in the U.S., that can quickly change with several days of warm weather. The weather in August typically determines the hop crop in Germany. A hot August with little or no rain can send German yields plummeting as they did in 2003. Conversely, as was the case in 2004 and 2005, a warm and wet August can deliver excellent hops and alpha acid. The biggest problem at this time is hop powdery mildew, which although potentially devastating to a hop crop can be managed with pesticides.

The most recent news out of the U.S. is the acreage data listed in the following table. With acreage figures being the main newsworthy event, this appears to be a calm year in the hop world. One significant difference between 2006 in the U.S. and previous years is the fact that nearly all American hops are sold. Supply will be tight even if the crop produces average yields. If yields are low, there may be some shortages. Quite a few European hop varieties however are still available. One reason for the inequity between American and European hop sales is, of course, the weak dollar, which has made American hops relatively inexpensive on the world market. There has been little market activity recently although quite a few inquiries. What activity there has been confirms that prices for hops in general are on the rise with some hops already being impossible to obtain.

In short, there are many things that can happen to a hop crop between June and September, which is why most growers don’t feel safe estimating their crop until it is in the bale.

Douglas MacKinnon, former director of Hop Growers of America is chairman of the International Hop Growers Convention executive committee. He publishes the MacKinnon Report, a subscription newsletter that reports developments and market activity within the hop industry.

Comments are welcome via email at doug@mackinnonreport.com.

Related table:
"Hops: Area Harvested by Variety, State, and United States, 2004-2005 and Forecasted June 1, 2006" 10 kb, 1page, *.pdf file

Scientific Digest
Effect of Amyloglucosidase on Properties of Lager Beers Produced from Sorghum Malt and Waxy Grits
Diana A. Urias-Lugo and S. O. Serna Saldivar, Department of Food Science and Technology and Center of Biotechnology. Instituto Tecnológico y de Estudios Superiores de Monterrey-Campus Monterrey. Av. Eugenio Garza Sada 2501 Sur, C.P. 64849 Monterrey, N.L. México

Abstract:
J. Am. Soc. Brew. Chem. 63(2):63-68, 2005
A trifactorial experiment with a level of confidence of P < 0.05 was performed to study worts and lagers produced with barley or sorghum malts, refined maize (MZ), or waxy sorghum (WXSOR) grits treated during mashing with or without amyloglucosidase (AMG). Worts were produced from the different malts, type of adjunct, and enzyme treatment combinations following a double-mashing procedure. The diastatic activity levels of the barley and sorghum malts were 119 and 20°Lintner, respectively. The barley malt produced 35% more 12°Plato (°P) wort with higher amounts of free amino nitrogen and total fermentable carbohydrates compared with counterparts produced from sorghum malt. The barley malt wort contained higher amounts of maltose but lower amounts of glucose compared with the sorghum malt wort. The WXSOR grits produced worts with similar yield and properties as did the worts produced from MZ grits. AMG addition led to a 3% increment on wort yield and increased glucose from 9.3 to 21.5 g/L of wort and total fermentable sugar equivalents from 59.2 to 72.6 g/L of wort. After 144 hr of fermentation, lagers from barley malt and treated with AMG contained 1.0 and 0.25% units higher ethanol than did the counterparts produced from sorghum malt and without AMG. For AMG treated beers, nonsignificant differences in ethanol content were observed between samples mashed with barley malt and beers produced from sorghum malt and MZ grits. Results demonstrated that AMG could be used to increase the initial amount of fermentable sugars especially in sorghum mashes. Keyword: Sorghum beer
... Load full article, 6 pages, 100 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2595 June 20, 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  154.00  119.50  150.50 
2RS  Prestige  118.00  149.00  118.50  149.50 
2RS  Cellar  116.50  147.00  116.50  147.00 
2RS  Sebastien  116.00  146.50  116.00  146.50 
2RS  Astoria  115.00  145.00  116.00  146.50 
2RS  Cork   114.00  143.50  115.50  145.50 
6RW  Esterel   105.00  132.50  106.00  133.50 
Theoretical malt prices.
  EURO = USD 1.2595 June 20, 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  259.50  326.50  273.50  344.50  273.50  344.50  288.00  363.00 
2RS  Prestige  254.50  320.50  268.50  338.50  268.50  338.50  283.00  356.50 
2RS  Cellar  252.50  318.00  267.00  336.00  267.00  336.00  281.50  354.50 
2RS  Sebastien  252.00  317.50  266.50  335.50  266.50  335.50  280.50  353.50 
2RS  Astoria  250.50  315.50  265.00  333.50  265.00  334.00  279.50  352.00 
2RS  Cork   249.50  314.00  263.50  332.00  264.00  332.50  278.50  350.50 
2RS   Average price  253.00  318.50  267.50  336.50  267.50  336.50  282.00  355.00 
6RW  Esterel   236.50  299.00  251.50  317.00  251.50  317.00  266.00  335.50 
Asia Malt 70/30  248.50  312.50  262.50  330.50  262.50  331.00  277.00  349.00 
**  Asia Malt 50/50  245.50  309.00  259.50  327.00  259.50  327.00  274.00  345.00 

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

EU Malt Export Licence Fixations

(in tonnes)   2001-2002   2002-2003   2003-2004  2004-2005   July 01, 2005 -
May 30, 2006  
 France   701,134  661,772  774,761  674,140  588,488 
 Germany   468,314  408,063  422,047  295,876  217,957 
 Belgium   296,368  287,850  317,292  418,344  492,352 
 U.K. 350,621  294,995  443,501  201,892  178,357 
 Finland   91,890  100,758  114,165  64,986  65,325 
 Denmark    96,812  94,791  90,452  74,743  55,724 
 Sweden   101,000  76,916  78,369  88,840  94,500 
 Netherlands   51,310  66,219  80,703  49,128  84.668 
 Ireland   35,145  31,140  38,900  56,924  7,001 
 Austria   8,840  8,620  60,211  16,954  35,536 
 Spain   2,400  5,640  10,000 
 Greece   1,744  1,306  979  130 
 Portugal   221  85  695  850  986 
 Italy  
 Czech Republic       34,340  82,062  74,829 
 Poland       7,604  32,084  167 
 Hungary       2,830  85,792  16,555 
 Slovakia       1,000  76,916  65,526 
 Total EU   2,205,799  2,038,157  2,477,849  2,219,661  1,977,971 

  Total Wheat malt, tonnes  
Total 2001-2002    12,805 
Total 2002-2003    30,908 
Total 2003-2004    15,768 
Total 2004-2005    8,162 
July 01 – May 30, 2006   4,063 
   
  Total Roasted malt, tonnes  
Total 2001-2002    23,480 
Total 2002-2003    23,603 
Total 2003-2004    24,438 
Total 2004–2005    27,212 
July 01 - May 30, 2006   21,864 
Newsletter SummaryTop
Graph of the week


These Days in Business History
19 June
1931 1st photoelectric cell installed commercially West Haven Ct
1981 Boeing commercial Chinook 2-rotor helicopter is certified
1997: Victory for McDonald's - at a cost. Fast food chain wins a partial victory in its epic libel trial against two environmental campaigners.

20 June
1863 1st bank chartered in US (National Bank of Davenport Iowa)
1867 Pres Andrew Johnson announces purchase of Alaska
1895 1st female doctor of science earned (Caroline Willard Baldwin)
1990: British Chancellor John Major proposes new Euro currency which would circulate alongside existing national currencies.

21 June
1768 1st US bachelor of medicine degree (Dr John Archer)
1948 1st stored computer program run, on Manchester Mark I
1788 The U.S. Constitution went into effect when New Hampshire became the 9th state to ratify it.
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
Copyright © E-Malt s.a. 2006