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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Malt news
Barley news
More news
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend

16 Nov - 18 Nov 2006
Crop 2006
2rs Barley €209.0-211.0   1.45%
6rw Barley €190.0-192.0   1.60%
2rs Malt €393.5-395.5   1.81%
6rw Malt €369.0-371.0   1.79%
Crop 2007
2rs Barley €173.0-175.0   1.16%
6rw Barley €151.0-153.0   1.33%
2rs Malt €336.5-338.5   1.35%
6rw Malt €308.5-310.5   1.48%

Note: Just click on the price link and you will be led to our Market Price History. Average barley market prices are French and are estimated on FOB Creil basis. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


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Other e-malt.com newsletters

Last five newsletters
See this Newsletter!
Newsletter 46a, 2006

See this Newsletter!
Newsletter 45b, 2006

See this Newsletter!
Newsletter 45a, 2006

See this Newsletter!
Newsletter 44b, 2006

See this Newsletter!
Newsletter 44a, 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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Last five graphs

Open this Table!
Asia Beer Production by Countries (2003, 2005)

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South America Barley Malt Imports (2005-2006e)

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Beer Consumption in Russia (per capita 1991-2005)

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Top 10 European Beer Brands (2005)

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Asia Malt Imports



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 46b
November 16 - November 18, 2006

Quote of the week

"Not everything that can be counted counts, and not everything that counts can be counted."
Albert Einstein (1879-1955)


Currency Rates
Base Currency: Euro, EUR
on 17-November-2006

1 EUR = 1.2817 USD
1 EUR = 0.6786 GBP
1 EUR = 1.4606 CAD
1 EUR = 1.6732 AUD
1 EUR = 151.272 JPY
1 EUR = 2.7599 BRL
1 EUR = 34.1823 RUB
1 EUR = 10.1008 CNY
Base Currency: US Dollar
on 17-November-2006

1 USD = 0.7803 EUR
1 USD = 0.5295 GBP
1 USD = 1.1396 CAD
1 USD = 1.3054 AUD
1 USD = 118.036 JPY
1 USD = 2.1533 BRL
1 USD = 26.6697 RUB
1 USD = 7.8809 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: Budejovicky Budvar NP registered the "Budejovicky Budvar" trademark despite Anheuser-Busch disapproval... Click here

Denmark: Royal Unibrew reported a 10% increase in sales for 3Q 2006... Click here

Czech Republic: Plzensky Prazdroj opened new filling room worth CZK1 billion... Click here

Serbia: Carlsberg Serbia reported that it has sold its millionth hl of beer in Serbia... Click here

Philippine: San Miguel Corporation reported 9-month to September sales are up by 14%... Click here

Ukraine: Beer sales augmented by 12% in January-October 2006... Click here

Russia: Ochakovo net profit increased to RUR311.5 million in January-September 2006... Click here

UK: Malting barely prices continue their ascension... Click here

More News
Belgium: Duvel Moortgat Brewery acquired Brasserie d'Achouffe ... More Info

Japan: Kirin Brewery Co. will spend JPY24.8 billion to purchase controlling stake in Mercian Corp. ... More Info

USA & Russia: Baltika brewery started shipments of “Baltika Nr. 0” brand to the USA ... More Info

Romania: United Romania Bereprod Breweries reported 20% stronger sales in January-September 2006 ... More Info

Nepal: Rebel Maoist government has bared the supply of Tuborg and Carlsberg beer from Gorkha Brewery ... More Info

USA: Microbrewers in Washington have created new state-sanctioned beer commission ... More Info

Russia & Baltic States: Baltika’s exports to Estonia increased by 31% in January-September 2006 ... More Info

USA: Staff an Miller Brewing Co. will go on strike if new labor agreement can’t be reached ... More Info

Belgium: InBev’s Second Global Citizenship Report reveals the company’s strong commitment to recycling and reduced energy use ... More Info

Kenya: EABL will provide a Sh35 million sponsorship to sport federations ... More Info

South Africa: SABMiller Plc announced interim dividend of 100.03140 SA cents per share ... More Info

USA & Canada: Molson Coors Brewing Company announced quarterly dividend ... More Info

USA: Redhook Ale Brewery Inc. reported net sales increased by 13% in 3Q 2006 ... More Info

Russia: Efes Breweries International N. V. assigned strategies for each of its Russian brands ... More Info

USA: Court approved Pittsburgh Brewing Co.’s request to finance the payment of $118,000 in business insurance premium ... More Info

Canada: Big Rock Brewery Income Trust announced normal course issuer bid ... More Info

Nepal: Gorkha Brewery’ workers union kept in custody the factory’s managing team ... More Info

USA: Pyramid Breweries Inc posted a profit of US€130,000 for the 3Q 2006 ... More Info

South Africa: Bavaria Brewery’s local subsidiary invested ZAR1 million in marketing campaign ... More Info

Canada: Lakeport Brewing Income Fund’s top-selling brands became available at Hamilton Entertainment & Convention facilities ... More Info

USA: Bootie Beer Corporation announced the adoption of a stock repurchase program of nearly 2 million shares ... More Info



Brewery News
China: Budejovicky Budvar NP registered the "Budejovicky Budvar" trademark despite Anheuser-Busch disapproval

Czech brewery Budejovicky Budvar NP said November 15 it successfully registered its trademark in China, despite a legal challenge from U.S. beer giant Anheuser-Busch Cos Inc., the Associated Press communicated November 15.

China's High People's Court, in Beijing, on Oct. 18 rejected an Anheuser-Busch appeal against Budvar's registering the "Budejovicky Budvar" trademark, and upheld a previous court decision allowing Budvar to use both a written and a graphic version of its trademark in China, the Czech company said.

Budvar said it was informed about the decision by its lawyers on November 14.

According to the Chinese court, Budvar's trademark cannot be confused with Anheuser-Busch's trademarks registered in China, Budvar said. The ruling, which Budvar said was final, was the latest development in a century-long global trademark dispute between the two breweries, and gives to the Czech company a green light to sell its lager on the fast growing Chinese market for the first time.

"The trademarks' registration enables us to start exports of our beer to China without risks," Budvar spokesman Petr Samec said. "In the long term, we consider the Chinese market a good business opportunity." Budvar exports its production to 50 countries worldwide.

"We are disappointed the Beijing High Court has decided that ...
More Info


Denmark: Royal Unibrew reported a 10% increase in sales for 3Q 2006

Scandinavia’s second largest brewery, Royal Unibrew, reported a Q3 profit before tax of DKK 161.2 million compared to DKK 133.3 million in 2005, which is an increase of 21 per cent. However, the analysts do not expect this will cause any drastic share price rises, Borsen reported November 17.

Royal Unibrew maintains its expectations for a profit for the full year of DKK 320-340 million, the company wrote in its stock exchange announcement.

Profit before tax for the first three quarters of the year amounts to DKK 205.2 compared to DKK 186.2 million in 2005 which was an increase of 11 per cent.

Albani, Ceres and Maribo are three of the Danish main products in the group, which sells its products on 65 markets in among others Scandinavia, the Baltic countries, Northern Germany, Poland, Italy, and Canada.

Sales of Royal Unibrew’s products rose by 10 per cent to 1.8 million hl in the third quarter compared to the same quarter 2005, which the management itself describes as satisfactory as the growth is generally an expression of organic growth.

In the first nine months of the year sales rose 12 per cent to 4.9 million hl which was due to an increase on the Polish ...
More Info


Czech Republic: Plzensky Prazdroj opened new filling room worth CZK1 billion

The largest Czech brewery Plzensky Prazdroj opened November 16 a new filling room worth CZK 1 billion, the biggest investment in its history, Prague Monitor published November 16.

Filling room manager Josef Prochazka told CTK the construction cost CZK 450 million and technologies CZK 550 million. The new facility should help Prazdroj meet rising foreign demand for Pilsner Urquell beer.

"The new filling room will have two lines, one for all types of bottles with a capacity of 60,000 bottles an hour and the other for cans with a capacity of up to 38,000 cans an hour," Prochazka said.

The filling room launched full operation immediately after Czech President Vaclav Klaus cut the golden tape today.

Czech Beer and Malt Association head Jan Vesely said this was the most modern filling room in Europe. After Prazdroj has completed the whole facility with nine lines, it will also be the largest one, he added.

South Africa's SABMiller, which owns the brewery, has invested CZK 11.4 billion since its entry into Plzensky Prazdroj. It now plans to build another filling line for bottles and yet another one for kegs.

The company expects to invest CZK 1.2 billion this year and raise output of its premium lager from 1.5 ...
More Info


Serbia: Carlsberg Serbia reported that it has sold its millionth hl of beer in Serbia

In the last three years since it took over the Čelarevo brewery, Carlsberg Serbia has been showing constant growth in production and sales, from 590,000 hectoliters in 2004, to 960,000 in 2005 and a record amount of beer which was sold this year, B92 released November 16.

Carlsberg Serbia CEO Isaac Sheps said that for the first time in the long tradition of the Čelarevo brewery, it will achieve the sale of over a million hectoliters in one year.

He said that the company launched its “Tuborg Christmas Brew” this month, a special brand dedicated to the approaching holiday season.

Since it purchased the brewery three years ago, Carlsberg has invested €100 million and taken a firm grip on second place in the Serbian beer market.


Philippine: San Miguel Corporation reported 9-month to September sales are up by 14%

San Miguel Corporation (SMC) posted November 16 steady September year-to-date results. Consolidated net sales revenue in the nine months to September rose 14% to PHP183.0 billion while consolidated operating income grew 25% to PHP14.7 billion as cost-savings programs across the entire organization mitigated the impact of rising costs. Net income surged 18% to PHP6.17 billion despite higher financing costs.

San Miguel Beer Division’s nine-month operating income in its Domestic Operations was 13% above last year at PHP6.54 billion, with the business also benefiting from cost-efficiency programs. Its nine-month 2006 revenue hit PHP29.1 billion, matching last year’s level following sustained efforts to increase brand presence and beer consumption.

International beer operations reaped end-September volumes 9% better than last year as robust exports and strong volumes were sustained in Greater China, spiked by a 14% growth in the North and a 9% improvement in the South. Total SMC international beer sales revenues amounted to US$217.9 million, 5% higher than a year ago.

Ginebra San Miguel Inc. (GSMI) achieved higher revenues of PHP9.28 billion in the first nine months following impressive growth in its range of new products, particularly brandy and GSM Blue, and a recovery in gin volumes. GSMI operating income stood at ...
More Info


Ukraine: Beer sales augmented by 12% in January-October 2006

The Ukrainian beer market increased its volume by 13% in January-October 2006 while beer sales expanded by 12%, The Russian Brewers Union communicated November 13. Obolon was reported to be the leader of the domestic beer market.

According to a brewery’s statement, the company rolled out 8.08 hl of beer in January-October 2006, increasing its output by 22.2% year-on-year. Beer production in October prevailed by 13.9% year-on-year reaching 700,000 hl.

Ukrpivo stated that for the first half of 2006, SUN Interbrew’s share of the Ukrainian market amounted for 36.8% (36.3% in 1H 2005). Obolon was second with a market share which ranged to 28% (25.2% in 1H 2005). The brewer of Baltika Nr.0 was fallowed by BBH-Ukraine: 17.7% (19.1% in 1H 2005) and Sarmat group: 12.3% (13.2% in 1H 2005). Other brewers’ market share dropped to 5.2% from 6.2% in 1H 2005.


Russia: Ochakovo net profit increased to RUR311.5 million in January-September 2006

Ochakovo released its 9 months to September 2006 financial results, according to which the company outperformed a 2.5 times increase of its net profit which reached RUR311.5 million. The company’s earnings excluding excise duties and other similar fiscal charges attained RUR 5.773 billion (+13%), The Russian brewers Union announced November 13.

The company refers the outstanding financial performance to the increase of the profitableness of sales corroborated to a significant decrease of costs.

Sales kept on growing, leaded by a 71% increase of kvass deliveries.

“In 2007 the company intends to maintain and to ameliorate the positive dynamics of sales emphasizing upon the expansion of the “premium” beer segment. In this respect, the company prepares to release the “Stolichnoye” brand and wants to improve sales of non-alcoholic kvass,” Ochakovo general director Vladimir Antonov stated.

The brewer is at the origins of a large-scale advertising campaign for 2007 for which it secured nearly US$20 million.

Barley News
UK: Malting barely prices continue their ascension

Farmers Weekly reported November 16 that malting barley prices have continued to rise on strong EU and domestic demand. Spring barley values have risen by £2-5/t ex-farm over the past week to £120-130/t ex-farm, depending on region and quality. Feed barley markets remain firm as more stocks are soaked up by the malting industry. Traders expect the firm trends to continue well into the New Year.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2817 November 17, 2006 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  212.00  272.50  176.00  226.50 
2RS  Prestige  211.00  271.50  175.00  225.00 
2RS  Cellar  210.00  270.00  174.00  223.50 
2RS  Sebastien  209.00  268.50  173.00  222.50 
2RS  Astoria  209.00  268.50  173.00  222.50 
2RS  Cork   208.00  267.50  172.00  221.00 
6RW  Esterel   191.00  245.50  152.00  195.50 

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

Theoretical malt prices.
  EURO = USD 1.2817 November 17, 2006 
Crop year  2006 
Parity  FOB Antwerp 
Position  Nov 2006-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  397.00  510.00  411.50  528.50  411.50  528.50  425.50  547.00 
2RS  Prestige  395.50  508.50  410.00  526.50  410.00  526.50  424.50  545.50 
2RS  Cellar  394.50  506.50  409.00  525.00  409.00  525.00  423.50  543.50 
2RS  Sebastien  393.50  505.00  407.50  523.50  407.50  523.50  422.00  542.00 
2RS  Astoria  393.50  505.00  407.50  523.50  407.50  523.50  422.00  542.00 
2RS  Cork   392.00  503.50  406.50  522.00  406.50  522.00  421.00  540.50 
2RS   Average price  394.50  506.50  408.50  525.00  408.50  525.00  423.00  543.50 
6RW  Esterel   370.00  476.50  385.50  495.00  385.50  495.00  400.00  513.50 
Asia Malt 70/30  387.50  497.50  401.50  516.00  401.50  516.00  416.00  534.50 
**  Asia Malt 50/50  382.50  491.50  397.00  510.00  397.00  510.00  411.50  528.50 

* - 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 2007 are available on site www.e-malt.com/MarketPrices

Barley Price Evolution

Canada Average Barley Prices 1986-2007f
Source: Statistics Canada

Table of the week

World Malting Barley Supply and Demand

Exporters   Importers
Australia  0.6   1.7   China 
Canada  1.2   0.3   Other Asia 
EU25 Winter and Spring  0.2   0.5   USA 
Mercosur  0.1   0.1   Russia 
     0.3   South America (Outside Mercosur) 
     0.1   Turkey/Mediterranian 
     0.1   South Africa 
Imports TOTAL  2.1   3.1   TOTAL Exports
 (in mln tonnes)  DEFICIT - 1.0 mln tonnes 
Newsletter SummaryTop
Graph of the week


These Days in Business History
November 16
1841 Life preservers made of cork are patented by Napoleon Guerin

November 17
1869 Suez Canal (Egypt) opens, links Mediterranean & Red seas

November 18
1963 Bell Telephone introduces push button telephone

November 19
1893 1st newspaper color supplement (NY World)
Agenda
November 2006:
Balkan Food & Drinks 2006, Bulgaria.
World Food Kazakhstan - 2006
Food & Drinks 2006, Georgia.
EBC SYMPOSIUM ON DRINKABILITY, UK.
InterDrink - 2006, Moscow
PeterFOOD - 2006, Saint-Petersburg
Americas Food & Beverage Show
IHGC meetings Germany
Interfood & Drink, Bulgaria
BRAU Beviale European Trade Fair for the Beverage Industry
Interfood Georgia - 2006
Foodapest - 2006, Budapest
International Forum 'Drinks Industry'
InterFood Tajikistan - 2006


December 2006:
12th OBER Kerstbierfestival , Belgium

January 2007:
2007 Barley Improvement Conference, USA.



More events are available on site e-malt.com
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