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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
07 Dec - 10 Dec, 2006
Crop 2006
2rs Barley €212.0-214.0     
6rw Barley €195.0-197.0     
2rs Malt €403.5-405.5     
6rw Malt €382.0-384.0     
Crop 2007
2rs Barley €169.0-171.0   1.16%
6rw Barley €151.0-153.0     
2rs Malt €337.5-339.5   0.73%
6rw Malt €314.5-316.5     

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. Average Malt Prices are theoretical and based FOB Antwerp being estimated on French malting barley prices. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.

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Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters' Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

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E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

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Newsletter 49a, 2006
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Newsletter 48b, 2006
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Newsletter 48a, 2006
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Newsletter 47b, 2006
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Newsletter 47a, 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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Open this Table!
Canada Beer Sales (1992-2005)
Open this Table!
World Hop Crop
Open this Table!
Belgium Beer Production and Export (1986-2005)
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Asia Beer Production by Countries (2003, 2005)
Open this Table!
South America Barley Malt Imports (2005-2006e)

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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Note

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E-malt.com Newsletter 49b
December 07 - December 10, 2006
Quote of the week

"I would give all my fame for a pot of ale and safety"
William Shakespeare, Henry V


Currency Rates
Base Currency: Euro, EUR
on 08-December-2006

1 EUR = 1.3296 USD
1 EUR = 0.6762 GBP
1 EUR = 1.5265 CAD
1 EUR = 1.6864 AUD
1 EUR = 153.02 JPY
1 EUR = 2.8553 BRL
1 EUR = 34.8629 RUB
1 EUR = 10.4261 CNY
 Base Currency: US Dollar
on 08-December-2006

1 USD = 0.7522 EUR
1 USD = 0.5086 GBP
1 USD = 1.1481 CAD
1 USD = 1.2683 AUD
1 USD = 115.097 JPY
1 USD = 2.1476 BRL
1 USD = 26.2214 RUB
1 USD = 7.8417 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
World: Beer consumption increased by 2.9% in 2005 and the forecast is of 3% in 2006... Click here

Vietnam: Government to lower state share of Saigon Beer Alcohol Beverage Corp.... Click here

Canada: Russell Brewing Ranked Number One for Growth in BC... Click here

World: The brewing giants have in recent years cast their nets in the developing beer regions... Click here

UK: British Beer and Pub Association calls for draft guidance before Christmas break... Click here

Russia & Germany: Avangard Malz AG is going to finish construction of the plant in Koblenz up to 2008 crop... Click here

World: The barley production estimate of IGC is unchanged at 140 million tonnes, 1 million more than last year... Click here

USA: Barley producers can share views on barley production... Click here

Australia: Barley export monopoly faces de-regulation... Click here

More News
Singapore: Fraser & Neave to sell 15% stake to Temasek ... More Info

USA: Beer Institute have supported the components of the Sober Truth on Preventing Underage Drinking Act ... More Info

Germany: Redeberger interested in Paulaner ... More Info

Russia: Review of Ryazan Beer Market ... More Info

Belgium: Belgian beer travels well abroad ... More Info

Nigeria: Michiel Herkemij replaces Festus Odimegwu at Nigerian Breweries ... More Info

USA: Beer banned in US over Santa logo ... More Info

Canada: CWB market-based pricing options expanded to feed barley ... More Info

Netherlands: The Wunderbar Cooler, the Home Tap for all European Beer Brands ... More Info

Thailand: Tiger Beer wins brand-building award ... More Info

USA: Holiday spirit from Samuel Adams® collection of 6 winter beers ... More Info



Brewery News
World: Beer consumption increased by 2.9% in 2005 and the forecast is of 3% in 2006

World’s beer sales increased by around 2.9% in 2005, according to Plato Logic’s World Beer Report. Beer consumption in Eastern Europe registered a growth of 6.3% in 2005.

The West European beer market, which accounts for 19% of world sales, shrank in 2005 and is predicted to fall to 16% of global beer sales by 2011, according to a report from Canadean. Similarly the North American market, which represents 16% of total beer sales, saw a downturn and by 2011 is expected to fall to 13% of sales.

In 2006 another 3% increase of beer consumption worldwide is predicted. It is expected that by 2015, 2bn hl of beer will be consumed worldwide. More than 67% of the beer is sold for home consumption.

Vietnam: Government to lower state share of Saigon Beer Alcohol Beverage Corp.

The Vietnamese Industry Ministry has proposed the government cabinet gradually reduce state ownership in the wholly-owned Saigon Beer Alcohol Beverage Corp. (Sabeco) to 51 percent, according to ThanhnienNews on December 7.

The move is in tune with the government’s orientation to auction shares in state-owned enterprises to sharpen competitive edge for international integration.

Under the proposal, state ownership of shares in the VND5.5 trillion (US$343.75 million) Sabeco are scheduled to lessen to 80 percent by next year, with employees first and then private interests allowed to buy up 20 percent.

The gradual reduction to the 51 percent mark would happen over several years, the ministry said, and fit with plans to diversify the company into financial investment, mining, hydropower development, banking and real estate.

Over the long-haul, Sabeco is oriented to go public on the local stock exchange in either Hanoi or Ho Chi Minh City, and invite a foreign financial consulting firm to evaluate its assets.

The ministry has urged the corporation to increase efforts to source out three strategic partners with the financial capability to take the company public.

Sabeco expected to find strategic investors in the industrial facilities, banking and distribution sectors to enhance its position.

The corp. targeted to double its beer ... More Info

Canada: Russell Brewing Ranked Number One for Growth in BC

Russell Brewing Company announced on December 4th that according to a recently published report by the British Columbia Liquor Distribution Branch (BCLDB), Russell Brewing is the fastest growing brewery in the province.

The Payment to Suppliers and Employees Report issued by the BCLDB showed that Russell Brewing received over $1.26 million in payments from the BCLDB at year-end March 2006. This was a 138% increase over the previous year and the highest percentage increase of any brewery in the province.

“Unlike most of our competition, this growth record is especially significant since Russell beer is only available in kegs at this time” said Andrew Harris, President and COO. “With plans to launch our products into bottles and cans in the near future we anticipate another strong year of growth”.

Russell Brewing Company produces premium draught beer for fine pubs and eateries located in British Columbia. Using all natural ingredients and traditional beer-making techniques, Russell beer is brewed for people who love beer.

Products include: Russell Cream Ale, Russell Pale Ale, Russell Honey Blonde Ale, Russell Extra Special Lager plus two seasonal brews, Russell Lemon Ale and Russell Winter Porter.

Russell Brewing Company is a wholly owned subsidiary of Russell Breweries ... More Info

World: The brewing giants have in recent years cast their nets in the developing beer regions

Because many of the traditional beer heartlands are reaching maturity and inevitably many of the brewing giants have in recent years cast their nets further a field to cash in on the faster growth rates enjoyed in the developing beer regions, Canadean commented in its latest report.

Leading operators are looking to increase their presence in the long term growth markets of Asia, Central & South America and East Europe, which all grew by more than 5% in 2005 and are forecasted to make up nearly two thirds of global beer sales by 2011.

Number three brewer, SAB Miller's acquisition of the South American brewing giant, Grupo Empresarial Bavaria in September, was probably the headline news of 2005, the South American brewery had been touted as one of the last entry points into the Latin American market and the purchase represents the company's biggest deal to date. Prior to the deal going through, the company was underrepresented in the region, with just 2% of its volumes coming from that part of the world.

With growth of 8% in 2005 and an expansion approaching 40%, between 2000 and 2005, China has been the focus of much activity in recent years and while the ... More Info

UK: British Beer and Pub Association calls for draft guidance before Christmas break

The British Beer and Pub Association (BBPA) has called on the Government to release regulations governing the smoking bill in England before Parliament ahead of its Christmas break, Caterer published December 7.

In a letter to public health minister Caroline Flint, pub association boss Rob Hayward said he was seriously concerned about the delay in the publication of the draft regulations.

“Industry and local government have been told persistently that the English (and therefore Welsh) regulations will be virtually identical to the Scottish regulations,” said Hayward.

“It is, therefore, totally unacceptable that we are still facing delays in the publication of the drafts, the absence of which indicates that Government does not recognise their importance either for business or local government.”

The hospitality industry has welcomed the announcement of a 1 July start date for a ban on smoking in enclosed public places in England after months of uncertainty.

A ban on smoking in Scotland started in March and both Wales and Northern Ireland are expected to introduce their restrictions on lighting up by the end of April.

Malt News
Russia & Germany: Avangard Malz AG is going to finish construction of the plant in Koblenz up to 2008 crop

The offer of purchasing three Weissheimer malting plants in Bremen, Grossaitigen, Gelsenkirchen and the unfinished plant in Koblenz, made by Avangard Malz AG, branch establishment of Avangard Bank, was approved at the meeting of the Weissheimer creditor’s board on December 1st, 2006, Avangard communicated in a statement.

“The Chairman of Avangard Malz AG board of directors is Kirill Minovalov and the Head of the company – Vladimir Dzhangirov.

On the 4th of December 2006 the temporary arbitral manager of Weissheimer signed a notary agreement of sale. In accordance with the terms of the agreement, all mentioned plants shall pass under the control of Avangard Malz AG.

Avangard Malz AG is planning to continue producing brewing malt on these plants and also to finish the construction of the plant in Koblenz up to 2008 crop.”

According to AK&M News, the total capacity of the acquired plants is 330,000 tons of malt per year. The amount of the transaction isn't mentioned.

Russian Malt OJSC is engaged in managing the construction and exploitation of plants, purchasing of barley and selling malt. The holding comprises three malting plants with total capacity of 340,000 tons per year, a feed mill, the Russian Malt trading company.

Avangard Joint-Stock Commercial Bank ... More Info

Barley News
World: The barley production estimate of IGC is unchanged at 140 million tonnes, 1 million more than last year

After last month’s sharp rise, some grain prices moved still higher while others retreated, but with little fundamental change in the global supply and demand situation, IGC commented in its montly Grain Market Report on November 24th. Particularly strong were US maize (corn) and European barley values, while US and Argentine wheat lost ground.

The barley market was supported by active buying, Australia’s sharply reduced export availabilities and Ukraine’s new export quotas. EU feed barley export quotations achieved parity with milling wheat, while malting barley values climbed even more steeply.

The barley production estimate of IGC is unchanged at 140 million tonnes, 1 million more than last year. While the EU crop is larger, weather problems have reduced the amount of malting barley. Continuing drought in Australia results in a further cut in its forecast to only 3.8m. tons, compared with 9.9m. in 2005.

Forecast global barley consumption is up 1m. tons at 149m., 7m. more than last year, but recent tightening supplies in the EU reduce its animal feed use compared with previous forecasts, while malt plant closures will cut malting barley requirements. Rising livestock numbers in Russia and Ukraine are boosting barley feed use there. The world trade ... More Info

USA: Barley producers can share views on barley production

Five thousand current and past barley producers in North Dakota, Idaho and Montana will be able to share their views on barley production by completing a survey assembled by major barley stakeholder groups, according to SeedQuest news release of December 7.

The survey is a cooperative effort of the Institute of Barley and Malt Sciences (IBMS) at North Dakota State University, Barley Coordinated Agricultural Project, Idaho Barley Commission, North Dakota Barley Council, and Montana Wheat and Barley Committee.
Members of the IBMS board of directors represent barley producer, and malting and brewing industry groups. The independent nature of the survey should lend validity to the results.

Questions on the survey address the effectiveness of producer support, available information, factors influencing the decision to produce barley and overall barley satisfaction levels.

One anticipated outcome of the survey is that it will identify areas where producers need additional information or support.

This could include aspects of barley production, varieties, malt quality specifications and components of the farm program. In addition, the survey responses will help identify the most effective means for communicating newly developed information.

Finally, the information gathered will help inform barley processors and policymakers on the concerns of barley producers.

This is a very ... More Info

Australia: Barley export monopoly faces de-regulation

The barley export monopoly run by ABB Ltd. in South Australia state, the country's biggest producer of the crop, should be deregulated, a state government review group has recommended, Reuters reported December 7.

ABB said in a statement that the South Australian Barley Marketing Working Group had recommended the state's barley marketing arrangements be de-regulated after a three-year transition period.

The recommendation comes just days after the federal government suspended scandal-hit AWB Ltd.'s veto power over national wheat exports after an inquiry found it had misled the UN over kickbacks paid to the Iraqi regime of Saddam Hussein.

"ABB Grain has consistently held the view that the barley single desk (monopoly) offers the best result for growers," ABB said on Thursday.

"However, we recognise the grains industry is currently experiencing significant change, which is impacting on the future of the desk," it said.

South Australia-based ABB is also Australia's largest barley exporter.

The recommended barley de-regulation applies only to South Australia, but exports from other states have either already been de-regulated or are in the process of de-regulation.

During the transition period exporters would be licensed by the state government-appointed body, the Essential Services Commission of South Australia, which would act ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3296 December 08, 2006 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  215.00  286.00  172.00  229.00 
2RS  Prestige  214.00  284.50  171.00  227.50 
2RS  Cellar  213.00  283.50  170.00  226.50 
2RS  Sebastien  212.00  282.00  169.00  225.00 
2RS  Astoria  212.00  282.00  169.00  225.00 
2RS  Cork   211.00  280.50  168.00  223.50 
6RW  Esterel   196.00  261.00  152.00  202.50 

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

Theoretical malt prices.
  EURO = USD 1.3296 December 08, 2006 
Crop year  2006 
Parity  FOB Antwerp 
Position  Dec 2006-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  407.50  541.50  421.50  560.50  421.50  560.50  436.00  579.50 
2RS  Prestige  406.00  539.50  420.50  559.00  420.50  559.00  435.00  578.00 
2RS  Cellar  405.00  538.00  419.00  557.00  419.00  557.50  433.50  576.50 
2RS  Sebastien  403.50  536.50  418.00  555.50  418.00  555.50  432.50  575.00 
2RS  Astoria  403.50  536.50  418.00  555.50  418.00  555.50  432.50  575.00 
2RS  Cork   402.50  535.00  416.50  554.00  416.50  554.00  431.00  573.00 
2RS   Average price  404.50  538.00  419.00  557.00  419.00  557.00  433.50  576.00 
6RW  Esterel   383.00  510.50  398.00  529.50  398.50  529.50  412.50  548.50 
*  Asia Malt 70/30  398.50  529.50  412.50  548.50  412.50  548.50  427.00  568.00 
**  Asia Malt 50/50  394.50  524.00  408.50  543.00  408.50  543.50  423.00  562.50 

* - 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
Australia Barley Price Evolution Q4 2006
Source: ABARE, December 2006

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  1,194 
 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  3,920 
 Imports / Mkt Year, thousand metric t 602  636  521  402  449  264  117  327 
 Imports / Trade Year, thousand metric t 644  663  538  282  497  157  150  300 
 Exports / Mkt Year, thousand metric t  613  1,258  575  659  409  506  605  435 
 Exports / Trade Year, thousand metric t 853  1,068  517  552  384  771  350  400 
 Feed Cons., thousand metric t 2,827  2,951  2,272  1,819  1,617  2,248  1,131  871 
 Total Cons., thousand metric t  6,571  6,407  5,661  5,179  4,990  5,672  4,571  4,246 
 Ending Stocks, thousand metric t 2,424  2,314  2,006  1,510  2,619  2,796  2,350  1,916 
Source: USDA, November 2006, *f - forecast
Newsletter SummaryTop
Graph of the week

Source: HGCA

These Days in Business History
December 07
1926 Gas refrigerator patented
1941 Japanese attack Pearl Harbor (a date that will live in infamy)
1945 Microwave oven patented

December 08
1794 1st issue of Herald of Rutland, VT published
1863 Abraham Lincoln announces plan for Reconstruction of South
1923 Salary and price freeze in Germany
1993 Dow-Jones hits record 3734.53

December 09
1793 Noah Webster establishes New York's 1st daily newspaper, American Minerva
1843 P Paul Leroy-Beaulieu French economist is born
1905 French Assembly National votes for separation of church & state
1916 P Paul Leroy-Beaulieu French economist (Economist France), dies at 73
1968 Doug Engelbart demonstrates first computer mouse at Stanford

December 10
1799 Metric system established in France
1901 1st Nobel Peace Prizes (to Jean Henri Dunant, Frederic Passy)
1915 10,000,000th model T Ford assembled
1930 Clayton K Yeutter, US trade representative/Republican National chairman is born in Nebraska
1948 UN General Assembly adopts Universal Declaration of Human Rights
1993 Dow Jones hits record 3740.67
Agenda
December 2006:
12th OBER Kerstbierfestival , Belgium

January 2007:
2007 Barley Improvement Conference, USA.
IFBM (The French Institute for Brewing and Malting) Advanced Course In Malting Technology

February 2007:
Singapore international beer festival.

March 2007:
Beer Day, Iceland.
WorldFoodUzbekistan - 2007.
World Barley Malt & Beer Conference.



More events are available on site e-malt.com
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