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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
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

31 August - 01 September 2006
Crop 2006
2rs Barley €X  X
6rw Barley €X  X
2rs Malt €269.5-271.5  0.93%
6rw Malt €246.5-248.5  1.02%
Crop 2007
2rs Barley €133.0-135.0  0.75%
6rw Barley €112.0-114.0    
2rs Malt €277.0-279.0  1.28%
6rw Malt €250.5-252.5  0.80%

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 35a, 2006

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Newsletter 34b, 2006

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Newsletter 34a, 2006

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Newsletter 33b, 2006

See this Newsletter!
Newsletter 33a, 2006



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World Beer Production (1991 - 2005)

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E-malt.com Newsletter 35b
August 31 - September 01, 2006

Quote of the week

"The wheel that squeaks the loudest is the one that gets the grease."
Josh Billings


Currency Rates
Base Currency: Euro, EUR
on 01-September-2006

1 EUR = 1.2832 USD
1 EUR = 0.6736 GBP
1 EUR = 1.4221 CAD
1 EUR = 1.6819 AUD
1 EUR = 150.438 JPY
1 EUR = 2.7471 BRL
1 EUR = 34.3135 RUB
1 EUR = 10.2205 CNY
Base Currency: US Dollar
on 01-September-2006

1 USD = 0.7794 EUR
1 USD = 0.525 GBP
1 USD = 1.1083 CAD
1 USD = 1.3108 AUD
1 USD = 117.242 JPY
1 USD = 2.1409 BRL
1 USD = 26.7414 RUB
1 USD = 7.9651 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
UK: Diageo net sales increased 9% to GBP7.260 million for the year ended 30 June 2006... Click here

Estonia: Saku Olletehase sales increased 7.6% in 1H 2006... Click here

Czech Republic: Beer output increased 5% in the seven months of 2006... Click here

Denmark: Royal Unibrew A/S reports 6 month operating profit of DKK60.6 million... Click here

USA: Heineken is in a light-beer war with itself as Amstel is eclipsed by Heineken Premium Light... Click here

Australia: Foster's Group Ltd. denies takeover approach... Click here

Czech Republic: Malt production increased 2% year-on-year for 1H 2006... Click here

Belarus: Exports of malting barley recorded 38,500 t as of August 29... Click here

Australia: Barley prices re-surge as fear of poor harvest intensifies... Click here

USA: Hops were under less stress in USA than in Europe... Click here

More News
Canada: Molson-Coors introduced Negra Modelo, Latin America's super premium beer, in Ontario ... More Info

USA: Shares of Boston Beer Co. retreat after Deutsche Bank analyst downgrades stock from "buy" to "hold" ... More Info

Ukraine: Barley export prices remain stable ranging within US$/ton 112-122 FOB ... More Info

China: Tsingtao Brewery Co. Ltd. starts share reform after lead shareholder raises stake ... More Info

Ghana: Achimota Brewery Company Ltd. (A.B.C.) to return to owners ... More Info

EU: Barley yields affected by both the July heatwave and August rainfall ... More Info

Czech Republic: State-owned Budejovicky Budvar is in the middle of political struggle, privatisation is a perspective ... More Info

UK: Worcestershire farmer yields 6.25t of barley per hectare, nitrogen level fairly high ... More Info

USA: Improving barley malt quality attracts North American brewers to Northern Crops Institute course ... More Info

Sri Lanka: Lion Brewery Ceylon Ltd reports falling sales ... More Info

Nigeria: Guinness raises equity price by N6.97, Nigerian Breweries Plc adds N2.09 ... More Info

UK: Scottish & Newcastle unveils new TV-advertising campaign for Kronenbourg ... More Info

Australia: Oz Brewing Limited to operate Mad Monk Boutique Brewery by November 2006 ... More Info

Australia: Barley crop forecast reduced to 7 million tons ... More Info

UK: Shepherd Neame acquired Caxton Arms pub, Brighton ... More Info

Bahamas: Construction of Bahamas Brewery ready to start ... More Info

China: Lhasa Brewery Co. gains from the opening of the world’s highest railway line ... More Info

UK: Diageo consolidates trademark advertising with a single global advertising agency ... More Info

USA: Judge puts off Pittsburgh Brewing hearing and extends deadline to October 15 2006 ... More Info

Australia: Maturity of beer market makes less clear bids for Foster’s ... More Info

Czech Republic: Pivovar Zubr initiates export operations with Norway and Georgia ... More Info

UK: Brewer and pub operator Shepherd Neame acquired Bull Inn, Newick ... More Info



Brewery News
UK: Diageo net sales increased 9% to GBP7.260 million for the year ended 30 June 2006

Diageo released August 31 its Preliminary results for the year ended 30 June 2006.

Paul Walsh, Chief Executive of Diageo, commenting on the year ended 30 June 2006 said: “Diageo’s strong full year performance is the result of brand building marketing campaigns, better sales execution to build superior relationships with our customers and successful new product launches.

“North America continues to deliver industry beating top line growth; a more cost effective European business is driving operating profit and margin growth; and the rate of sales growth in International has accelerated following new brand introductions and increased investment.

“Strong top line growth has delivered organic operating margin expansion and organic operating profit growth in line with our guidance at the beginning of the year despite pressure on input costs. At the same time we have increased marketing investment creating a stronger platform for future growth. We have delivered another year of strong free cash flow and through our dividends and share buybacks we have returned a further GBP2.3 billion to our shareholders.

“With well-positioned brands and a more efficient and effective organisation, we enter the new financial year with confidence. We expect that organic net sales growth will be in line ...
More Info


Estonia: Saku Olletehase sales increased 7.6% in 1H 2006

In the first half of 2006, Saku Olletehase AS sold over 42 million litres of beverages, a notable 7.6 per cent or 3 million litre improvement on a year ago, the company said in its Interim Financial Statement for 1H 2006 released on August 30.

Six months’ revenues totalled EEK 350 million (€22.4 million), an EEK 45.8 million (€2.9 million) or 15 per cent upswing on the first six months of 2005. The boost in revenue may be attributed to better sales in all product categories and a clear upmarket shift in the category of beer.

Expenses totalled EEK 292.4 million (€18.7 million), EEK 25 million (€1.6 million) or 9 per cent up on the same period in 2005. The principal growth drivers were pay rises in the production and logistics functions which took place in the second quarter and a continuing upsurge in fuel and energy prices.

Profit before tax amounted to EEK 58.8 million (€3.8 million), a solid EEK 21.8 million (€1.3 million) or 59 per cent improvement on the first half of 2005. The dividend distribution gave rise to income tax expense of EEK 23.8 million (€1.5 million).

“Saku Olletehase AS ended the first six months of ...
More Info


Czech Republic: Beer output increased 5% in the seven months of 2006

Czech breweries raised beer output by 5 percent year-on-year in the first seven months of the year owing to a hot July, said Jan Vesely, director of the Czech Beer and Malt Association, CTK unveiled August 30.

In the first half, beer output grew by 4.4 percent. In July alone, production rose by 9 percent year-on-year, Vesely said, adding successful exports were another factor.

In the first half, Czech breweries raised exports by 17 percent year-on-year to 1.7 million hectolitres, while sales to the domestic market added 2 percent to 7.85 million hectolitres. Vesely added output in August would be lower owing to colder weather.

Czech beer output for the full year is estimated at 19.5 million hectolitres, mainly owing to a growth in exports to 3.5 million hectolitres. In 2005, Czech breweries produced 19.07 million hectolitres of beer, with exports at 3.1 million hectolitres.


Denmark: Royal Unibrew A/S reports 6 month operating profit of DKK60.6 million

The Danish brewery group Royal Unibrew A/S reported 29 August an operating profit of DKK60.6 million on net revenue of DKK1.62 billion for the financial period January-June 2006, Nordic Business Report Via Thomson Dialog NewsEdge released August 29.

Operating profit for the six-month period decreased from DKK65.5 million while net revenue increased from DKK1.51 million, as compared to the corresponding period in 2005.

Royal Unibrew A/S is a listed, international business that produces, distributes, markets and sells beer, malt and soft drinks in 65 markets - primarily in Europe, America and Africa.

It comprise four breweries in Denmark, two in Lithuania, one brewery and one soft drinks business in Latvia as well as two breweries in Poland. In addition, it has sales companies and associates in a number of countries. Royal Unibrew A/S employs a total of some 2,200 people.

One Danish krone (DKK) is worth approximately 0.09 British pounds (GBP).


USA: Heineken is in a light-beer war with itself as Amstel is eclipsed by Heineken Premium Light

Heineken's Amstel Light is struggling to maintain relevance within the import-light-beer category it invented, and the culprit may be ... Heineken Premium Light, Advertising Age reported August 30.

While this summer's launch of Heineken Premium Light exceeded most industry expectations, sibling brand Amstel has seen its already-flagging sales drop even further, losing its long-held top ranking among imported light beers to Corona Light.

Amstel saw shipments fall 4% last year in a red-hot import market that grew 7% overall, and Amstel's sales are down about 11% this summer.

Heineken insists Premium Light targets different drinkers than Amstel, and is breaking a branding push to draw clearer lines between the two brands. The campaign, an extension of the "Live Tastefully" effort from Publicis, New York, that launched late last year, will lean on upscale event marketing to re-establish Amstel's luxury credentials.

"They're right to try to freshen it up a bit," said alcohol-industry consultant Arthur Shapiro. "But I don't know if going for a pedestal is the right way to grow volume."

Amstel Light Brand Manager Richard Byrne said the beer's soft sales had more to do with competition from fast-growing wine and spirits than Heineken Light, which he said was focused ...
More Info


Australia: Foster's Group Ltd. denies takeover approach

Foster's Group Ltd., Australia's biggest beer and wine maker, said August 29 it was not aware of any takeover proposals, sending its shares down as much as 3 percent, Reuters accordingly reported.

Shares in Foster's surged to a record high August 29 on an unsourced media report that said InBev, the world's largest brewer by volume, and second-ranked SABMiller were thought to be looking at the Australian company, which is valued at around AU$12 billion (US$9 billion).

Analysts did not rule out a takeover but said the chances of an offer from SAB Miller or InBev were low.

Macquarie Equities said both had the capacity to buy Foster's, but neither had shown an attraction to wine.

"The Australian beer market is relatively small and mature on a global comparison, while Foster's global reach is limited by its recent divestments and complicated incumbent distribution agreements," Macquarie said in a research report.

Foster's shares were down 1.5 percent at AU$5.86 in late morning trade, in a wider market up 0.1 percent. Its shares gained 9.2 percent August 29.

"The company is not aware of any proposals which may lead to a takeover, and no approaches to that end have been made," Foster's said in a statement.

Malt News
Czech Republic: Malt production increased 2% year-on-year for 1H 2006

According to the Czech Beer and Malt Association statement , Czech malt houses raised output in the first half of 2006 by 2 percent year-on-year to 266,000 tonnes. More than half of the amount was sold abroad, above all to Poland, Romania, Germany, Cuba, Slovenia and Austria.

Barley News
Belarus: Exports of malting barley recorded 38,500 t as of August 29

The Belarusian Ministry of Agriculture and Food (MAF) controls the sales of malting barley on account of government buying. By August 29 the enterprises have sold 38,500 tonnes of malting barley; that is 25.7% of the plan, AgriMarket released August 29.

Also they prepared about 17.000 tonnes more. In total government buying is for 150,000 tonnes. Low sales of malting barley on account of government buying are caused by selecting grain on raw areas of barley production as well as in different enterprises. Because of small size of grains the enterprises should sort it on grain-receiving points; brewing plants receive grain themselves. According to Deputy Director of central administration of crop science of MAF, Vladimir Kuratnik, the processors have the opportunity to select qualitative grain for brewing - in total they collected 258,000 t.


Australia: Barley prices re-surge as fear of poor harvest intensifies

Old and new-crop barley prices are surging as fears of a poor harvest grow. Dry weather is expected to cut the national crop from an average of 7.5-8.5 million tonnes to as little as 5.5 million tonnes, World-Grain released August 30. Prices for old-crop malt barley are also being driven by China which is buying to ensure it is not left high and dry by a small harvest. It imports up to three million tonnes of malt barley and is buying in Australia for the container trade at up to AU$246 a tonne, delivered to terminals. Growers can achieve up to AU$210 delivered to Melbourne.

Malt barley production is down in the northern hemisphere. Europe has a limited surplus for export with late rain hitting quality. Canada has a smaller crop with only about 500,000 tonnes available for export.

New crop Feed I barley traded at a track price of $214 a tonne into Melbourne August 25. Old crop Feed I values followed, to be AU$188-AU$190 in Melbourne. Up-country delivered values also average AU$190.

Old-crop Feed I grade barley is expected to top AU$200 delivered to regional and Melbourne processors. Southern NSW feedlots are paying to AU$192 delivered for Feed I barley.

Hops News
USA: Hops were under less stress in USA than in Europe

The latter half of July brought with it above average temperatures on both sides of the Atlantic. In the United States, this slowed the growth of aroma hops, which are not fond of such weather. Due to the presence of drip irrigation in all alpha hop fields, alpha hop yield was not seriously affected, the International Hop Growers Convention released August 21 in its 2006 Crop Report.

In Europe, where irrigation is the exception rather than the norm, both aroma and alpha hop varieties were stressed. During July, the year 2006 was shaping up to be the worst since the draught of 2003. In both cases, the end of July and the beginning of August brought relief.

In the United States, cooler temperatures have prevailed during the month of August, easing the stress on all hop varieties. In Germany and the rest of Europe, August has brought with it above average rainfall. Hop farmers try not to be too optimistic, and indeed you can never know the crop until it is in the bale, but it appears that each passing day has brought with it a greater sense of relief as to what the crop will ...
More Info

Scientific Digest
Transformation Of Barley (Hordeum Vulgare) Using The Wheat Puroindoline Gene by Yusuke Odake

ABSTRACT
Feed and malting barley are major crops in Montana. Harrington, a two-rowed spring malting barley variety, is the most cultivated variety in the state. Barley was the last of the world’s major cereals for which transformation methods were developed because in vitro-cultured barley rapidly loses regeneration ability or gives rise to albino plants during selection for transformed tissue. Previous research used the variety Golden Promise because it regenerates well under research conditions, though it is not commercially used. Transformation could be an important method to improve varieties in North American barley cultivars. The puroindoline proteins (PINA and PINB) can be isolated from wheat endosperm and are basic cysteine and tryptophan-rich proteins that might play a role in defense against pathogens. The puroindolines show antifungal activity both in vitro and in vivo. Milk stage seeds were harvested to obtain embryos. Embryos were placed on induction media [2.5 mg/L 2,4-Dichlorophenoxyacetic acid (2,4-D) and 0.01 mg/L 6-benzylaminopurine (BAP)] for 12 to 51days until calli formed. The biolistic method was chosen for transmitting the gene of interest into the calli, using a Biolistic PDS-1000/He Particle Delivery System (BioRad, Hercules, CA) with 900 psi rupture disks. Approximately 4,500 calli were bombarded with two plasmids; pinA driven by the maize ubiquitin promoter (Ubi1) which is expressed constitutively, and the hygromycin phosphotransferase (hph), which confers hygromycin B resistance and is driven by the CaMV 35S promoter for selection. The bombarded calli were selected on medium containing 30 mg/L Hygromycin B for 9 to 21 days, and subcultured to intermediate medium (1.0mg/L 2,4-D and 0.5 mg/L BAP), followed by regeneration media (1.0-3.0 mg/L BAP). Thirty hygromycin B resistant calli regenerated and 5 died in magenta box. Thirty five putative transgenic plants derived from 25 calli grew in soil and were harvested. Some plants tested by polymerase chain reaction (PCR) tested positive with primers for pinA and hph. Southern blots were performed to detect the presence of hph in T1 barley genomic DNA but were negative. Northern blots performed to detect the presence of pinA and hph transcribed RNA in the T1leaf tissue were also negative, showing that no stably transformed plants were obtained.
... Load full article, 85 pages, 385 Kb, *.pdf file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2832 September 01, 2006 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  136.00  174.50 
2RS  Prestige  135.00  173.50 
2RS  Cellar  134.00  172.00 
2RS  Sebastien  133.00  171.00 
2RS  Astoria  133.00  171.00 
2RS  Cork   132.00  169.50 
6RW  Esterel   113.00  145.50 

X - Due to an extremely unstable market we can't give any realistic quotation.

Prices for Danish malting barley are available on site www.e-malt.com/MarketPrices

Theoretical malt prices.
  EURO = USD 1.2832 September 01, 2006 
Crop year  2006 
Parity  FOB Antwerp 
Position  Sept 2006-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  273.50  350.50  287.50  369.00  287.50  369.00  302.00  387.50 
2RS  Prestige  272.00  349.00  286.50  367.50  286.50  367.50  300.50  386.00 
2RS  Cellar  270.50  347.50  285.00  365.50  285.00  366.00  299.50  384.50 
2RS  Sebastien  269.50  346.00  284.00  364.00  284.00  364.50  298.50  382.50 
2RS  Astoria  269.50  346.00  284.00  364.00  284.00  364.50  298.50  382.50 
2RS  Cork   268.50  344.50  282.50  362.50  282.50  362.50  297.00  381.00 
2RS   Average price  270.50  347.00  285.00  365.50  285.00  365.50  299.50  384.00 
6RW  Esterel   247.50  319.00  263.00  337.50  263.00  337.50  277.50  356.00 
Asia Malt 70/30  264.00  338.50  278.50  357.00  278.50  357.00  292.50  375.50 
**  Asia Malt 50/50  259.50  333.00  274.00  351.50  274.00  351.50  288.50  370.00 

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

World Barley Supply And Demand

in mln
metric tons
Area Harvested
in mln ha
Yield Production World
Trade
Feed
Cons.
Total
Cons.
Ending
Stocks
Stocks as
% of Cons
1980/81 78.6  157.4  13.5  111.2  158.3  18.3  11.6 
1981/82 81.6  1.83  149.5  14.5  109.4  151.8  16  10.6 
1982/83 78.8  2.05  161.2  16  113.4  155.8  21.5  13.8 
1983/84 79.8  1.99  158.5  15.8  122  164.5  15.5  9.4 
1984/85 79.2  2.15  170.5  17.4  122.4  162.9  23.1  14.2 
1985/86 80  2.17  173.6  17.7  127.8  167.2  29.6  17.7 
1986/87 79.6  2.24  178.1  18.3  132.1  173.8  33.8  19.5 
1987/88 78.7  2.23  175.3  18.3  129.7  173.6  33.4  19.2 
1988/89 76.4  2.15  164  19  121.9  166.2  31.1  18.7 
1989/90 73.6  2.26  166.1  18.5  126.2  170.5  26.7  15.7 
1990/91 72.9  2.46  179  19.6  130.4  175.9  29.8  17 
1991/92 76.4  2.22  169.8  19.4  120.2  166.3  33.3  20 
1992/93 73.4  2.27  166.2  16.4  118.9  165.6  33.3  20.1 
1993/94 74.7  2.26  169.2  18.8  123.7  168.9  33.5  19.9 
1994/95 73.2  2.2  160.7  15.3  121.1  165.8  28.5  17.2 
1995/96 69  2.05  141.6  13.4  107.7  150.6  19.5  13 
1996/97 66.5  2.31  153.6  17.9  106.2  149.4  23.6  15.8 
1997/98 64.9  2.38  154.3  12.8  103.7  145.8  32.2  22.1 
1998/99 60.7  2.23  135.7  17.8  98.6  139  28.9  20.8 
1999/00 55.3  2.31  127.5  18.8  94  132.3  24  18.2 
2000/01 54.6  2.43  132.8  16.9  94.4  134.1  22.8  17 
2001/02 56.8  2.5  142.3  17.6  95.1  136.3  28.7  21.1 
2002/03 56.4  2.39  134.8  16.8  94.3  136.4  27.2  19.9 
2003/04 60.1  2.38  142.9  14.8  102.6  147.5  22.6  15.3 
2004/05 58.4  2.64  154.2  17.3  100.4  143.5  33.3  23.2 
2005/06 56.4  2.45  138.1  18  97.6  143.2  28.2  19.7 
2006/07 57.6  2.48  143  17.4  101.8  146.2  25  17.1 
Source: The report "Grain: World Markets and Trade", USDA, August, 2006.
Newsletter SummaryTop
Graph of the week


These Days in Business History
August 31
1895 Thomas Edison patented his movie camera (Kinetograph)
1918 Belgium starts paying old age pensions
1997 Diana Spencer, princess of England, dies in car crash in Paris at 36

September 01
1905 Alberta & Saskatchewan become 8th & 9th Canadian provinces
1923 7.9 earthquake strikes Tokyo & Yokohama, kills 142,000
1962 UN announces Earth population has hit 3 billion
1957 Gloria Estefan was born in Havana, singer (Miami Sound Machine-Conga)

September 02
1930 1st non-stop airplane flight from Europe to US (37 hrs)
1941 Film Academy copyrights Oscar statuette
1987 Philips introduces CD-video

September 03
1935 1st automobile to exceed 300 mph, Sir Malcolm Campbell (301.337 mph)
1967 Sweden begins driving on right-hand side of road
1971 Watergate team breaks into Daniel Ellsberg's doctor's office
Agenda
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
Midwest Specialty Grains Conference, Minneapolis.
Bank Holiday Weekend and International Beer Festival , UK.
Northern Crops Institute Course 2006 Barley Malt Quality Evaluation


September 2006:
8th BELGIAN BEER WEEKEND The Belgian Brewers’ association
World of Food China - 2006. International Exhibition and Conference for the Food
Beverages - 2006,Belgorod, Russia.Specialized exhibition.
CHINA BREW & BEVERAGE International Brew and Beverage Processing Technology and Equipment
International Brewery and Soft Drinks Industry Exhibition
Riga Food 2006.
The Great Canadian Beer Festival
2nd Bruxellensis Festival
Jean De Clerck Chair XII: Flavours in Beer , a post academic training
Fine Food Australia. Australia's largest exhibition for the food and beverage industry...
TecnoBebida Latin America International Exhibition of Technologies for the Beverage Industry
EXPO Food & Drinks - 2006, Armenia. The 4th Interhational specialized exhibition.
AtyrauFood - 2006, Kazakhstan.5-th North-Caspian Regional Exhibition
Munich Oktoberfest.The world's biggest beer festival.
World Grains Summit: Foods and Beverages San Francisco, California U.S.A.
International Beer Competition 2006 Japan.
FoodWeek Uzbekistan - 2006.11th Annual International Exhibition of Food and Drinks.
Northern Crops Institute Course 2006 Grain Procurement Management for Importers
World Food Moscow - 2006.The 15th International exhibition "All world of food".
The 15 AllUkrainiane forum of food-processing industry - 2006.
Great American Beer Festival® September 28 - 30, 2006.
Farmer of Kazakhstan - 2006.The 4th Kazakhstan international exhibition.


October 2006:
International Beer Summit 2006, Japan.
World Beer Festival, USA
Food And Beverages, Novi Sad Fair, Serbia & Montenegro.
MBAA Brewing and Malting Science Course
Lighthouse International Beer Festival, USA.
Belgian Beer Festival. website:www.beerfestival.be
Belgian Beer Fest - Sunday Brunch, USA.
World Food Ukraine / Ingredients Ukraine International Food and Drinks Exhibition




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