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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Brewery 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

21 Jan - 24 Jan, 2007
Crop 2006
2rs Barley €208.0-210.0 0.48%
6rw Barley €184.0-186.0 0.54%
2rs Malt €405.5-407.5 0.37%
6rw Malt €375.0-377.0 0.27%
Crop 2007
2rs Barley €156.0-158.0 0.63%
6rw Barley €142.0-144.0   
2rs Malt €329.5-331.5 0.15%
6rw Malt €311.5-313.5 0.32%

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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Newsletter 03a, 2007

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Newsletter 02b, 2007

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Newsletter 02a, 2007

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Newsletter 01, 2007



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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 04a
January 22 - January 24, 2007

Quote of the week

"Fermentation and civilization are inseparable"
John Ciardi


Currency Rates
Base Currency: Euro, EUR
on 24-January-2007

1 EUR = 1.2981 USD
1 EUR = 0.6552 GBP
1 EUR = 1.5345 CAD
1 EUR = 1.6431 AUD
1 EUR = 157.797 JPY
1 EUR = 2.7781 BRL
1 EUR = 34.3994 RUB
1 EUR = 10.1081 CNY
Base Currency: US Dollar
on 24-January-2007

1 USD = 0.7704 EUR
1 USD = 0.5047 GBP
1 USD = 1.1821 CAD
1 USD = 1.2656 AUD
1 USD = 121.564 JPY
1 USD = 2.1401 BRL
1 USD = 26.499 RUB
1 USD = 7.7866 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Vietnam: Country’s 2nd largest brewer Habeco to privatise... Click here

Russia: Beer production reached 99.9 mln hl in 2006... Click here

South Africa: SABMiller faces tribunal for breaking competition rules, an allegation it denies... Click here

Romania: Interbrew spent over EUR 55 mln euros on promotion last year... Click here

India: United Breweries Limited announced important growth in 2006... Click here

Lithuania: Utenos Alus will start the new season as the largest beer maker in the Baltic states... Click here

World: Prices for feed and malting barley for 2007-2008 are projected to decrease... Click here

Canada: Minister Strahl announces barley plebiscite question... Click here

More News
Vietnam: Breweries biggest spenders on sales promotions ... More Info

India: Anheuser-Busch likely to counter SABMiller's bid to acquire 50% stake in Mount Shivalik Group ... More Info

Finland & Czech Republic: Budweiser Budvar, N.C. to collaborate with Sinebrychoff ... More Info

USA & China: Harbin Lager now available in USA for Chinese/Lunar New Year ... More Info

USA: Pyramid Breweries Inc. & Redhook Brewery Ale Inc ' stocks rose ... More Info

China: Tsingtao Brewery will spend 100 million yuan to increase Olympic Games popularity ... More Info

Finland: Sinebrychoff offers new Bavarian-style wheat beers ... More Info

Thailand: Alcoholic beverage companies released recommendations to reduce young people's exposure to alcohol promotions ... More Info

Canada: Big Rock Brewery Income Trust announces distributions in February ... More Info

USA: Pittsburgh Brewing Co.'s ownership group working on debts settlement ... More Info

USA: City Brewing Co. gets $4.5 million in state funds to reopen Latrobe brewery ... More Info

USA: Anheuser-Busch announces the agreement with Aristotle for online age-verification on Bud.TV ... More Info

USA: Country’s first organic brewery, Eel River Brewing Company, expanding to Scotia ... More Info

USA: Pittsburgh Brewery workers voted for concessionary contract, including wage cut ... More Info

Brazil & USA: Aladdin Beverage to import Devassa beer to US ... More Info

USA: Miller Lite to Sponsor CONCACAF Gold Cup Tournament ... More Info

Australia: USA breweries to participate to Australian International Beer Awards ... More Info



Brewery News
Vietnam: Country’s 2nd largest brewer Habeco to privatise

The Vietnamese government has approved a plan to privatise and list the Hanoi Beer Company, the country's second largest brewer, to raise money to increase production, a government report said on Wednesday, January 24, according to Reuters.

Less than 10 percent of the compnay known as Habeco would be sold to a foreign investor and shares would be listed on one of the country's two stock exchanges, said the report published on the government Web site (www.vietnam.gov.vn).

"The state will retain 76 percent of the company at the time of the initial public offering, but this stake will be reduced to no less than 51 percent later," it said.

Industry sources said Denmark's Carlsberg was interested in buying a stake in Habeco, whose best-selling brand is Bia Hanoi.

Habeco, which has a registered capital of 2 trillion dong ($124 million), signed a cooperation agreement with Carlsberg in 2005.

Vietnam's beer market, averaging 8 percent growth per year, has attracted the interest of a string of foreign brewers, including Anheuser-Busch , the owner of the Budweiser brand, and Belgium's Inbev .

State-run Saigon Beer, or Sabeco, the country's largest brewer, has also announced plans to partly privatise.


Russia: Beer production reached 99.9 mln hl in 2006

Beer production in Russia reached almost 100 million hectolitres in 2006, significantly beating the forecasts of the Russian Economic Development Ministry, Interfax communicated on January 22.

Brewing enterprises produced 99.9 million hl of beer, a 9.8% increase from 2005, Rosstat reported on Monday.

Meanwhile, according to a revised forecast of the Russian Economic Development Ministry for 2007 - 2010, the brewing industry would have been able to reach the figure only in 2009. The ministry predicted growth to 95 hl in 2006.


South Africa: SABMiller faces tribunal for breaking competition rules, an allegation it denies

SABMiller plc, the London-based brewer, said on Friday, January 19, it will meet with South African regulators in the next month after it was found to have contravened the country's competition rules, an allegation it denies, according to Associated Press.

South Africa’s competition commission plans to refer the brewer, which has a 98 per cent share of the South African beer market and owns the Castle and Amstel brands, to the Competition Tribunal over alleged breaches of competition law.

SABMiller, which owns brands such as Miller Lite, Pilsner Urquell and Peroni, confirmed that South Africa's Competition Commission had found that it had violated "certain provisions" of the Competition Act.

"These provisions relate to prescribing selling prices to distributors, dividing markets through territory and customer allocations and discriminatory discounts," the company said.

SABMiller said it will meet with the Competition Commission in the "next month or so" in an effort to address the commission's concerns before the matter is referred to a competition tribunal for a public hearing. "We do not believe that we have engaged in any anticompetitive business practices," the brewer said.

SABMiller shares closed down 1.8% at R168 on Friday.


Romania: Interbrew spent over EUR 55 mln euros on promotion last year

Interbrew Romania, the third largest player on the local beer market invested over 55 million euros (rate-card) last year to promote all the beer brands in its portfolio, Ziarul Financiar cited Mihai Ghyka, general manager of Interbrew on January 24.

The amount invested is 48% higher compared with 2005, when Interbrew had earmarked 37.1 million euros to promote its brands, according to AlfaCont.

"The domestic advertising market is growing by 25-30% in value, but this growth is mainly because of the rising prices of commercial airtime on television. The higher the price becomes, the more necessary it is for us to consider using other media. The printed media and the outdoor advertising become more interesting," states the general manager of Interbrew.


India: United Breweries Limited announced important growth in 2006

Performance highlights – 9 months to December 31st, 2006.

• UBL achieves market capitalization
of $1bn
• volume growth of 27.6% compared to previous year
• operating margin at 19.4%
• EBITDA profit rs118.48cr, an increase of 38 %
• net profit of rs53.42cr

At the end of the December 2006, UBL has posted an EBITDA of Rs118.48Cr representing a 38% increase versus last year, against a volume growth of nearly 28%.

The historic growth in Strong beer has continued to fuel demand, with the total industry growing in volume terms by 31% in the 9 months, and Strong beer growth growing at a staggering rate of 35%. During this period the industry is also recording around 23% growth in Mild beer.

In spite of this last quarter traditionally being the slowest season, Kingfisher Strong, the No.1 top selling beer brand in India today, has seen unprecedented growth with volume growing during the quarter by around 52%, and thereby bring the year to date growth to around 50%. Kingfisher mild has continued to grow in line with the market.

Margins remain under pressure from raw material price increases, and have been offset by earlier price increases, improved manufacturing efficiencies and careful cost management. This quarter has recorded the commencement of stock ...
More Info


Lithuania: Utenos Alus will start the new season as the largest beer maker in the Baltic states

Utenos Alus brewery will invest LTL 20 mln into its development, Baltic Business News reported on January 19. After such an investment injection, the brewery will start the new season as the largest beer maker in the Baltic states.

In early 2006, experts predicted that the beer market would grow 3.5 pct. However, it actually grew 5.2 pct.

According to Imantas Cepulis, Svyturys-Utenos Alus production director, market growth relied on Lithuanians' love for beer, warm weather and imagination of beer makers, who constantly offer new products. Moreover, tourism bolstered market development as well.

Barley News
World: Prices for feed and malting barley for 2007-2008 are projected to decrease

World barley production for 2007-08 is forecast by Agriculture and Agri-Food Canada (AAFC) to increase by 5% to 146 million metric tonnes, due mainly to an increase in seeded area and a return to normal yields in Australia and Canada. Total supply is expected to increase only slightly due to lower carry-in stocks, AAFC reported on January 12.

World barley trade is forecast to increase by 13% to 17.5 million metric tonnes. World carry-out stocks are expected to decrease by 4%. As a result, world prices are projected to decrease for feed barley and malting barley for 2007-2008.


Canada: Minister Strahl announces barley plebiscite question

The Honourable Chuck Strahl, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, announced on January 22 the question that will be asked in the upcoming plebiscite on the marketing of barley in Western Canada and the criteria for voter eligibility, according to CCNMatthews.

"Canada's New Government believes Western grain farmers should have the choice on how they market their grain while preserving a strong, viable, yet voluntary Wheat Board," said Minister Strahl. "Farmers have told us that they want to be consulted on this issue - and that is exactly what we are delivering. I look forward to what they have to say so I encourage all those eligible to vote to do so."

The question on the ballot will be:

- The Canadian Wheat Board should retain the single desk for the marketing of barley into domestic human consumption and export markets.

- I would like the option to market my barley to the Canadian Wheat Board or any other domestic or foreign buyer.

- The Canadian Wheat Board should not have a role in the marketing of barley.

Canada's New Government campaigned openly during the last election on providing marketing choice for Western grain ...
More Info

Scientific Digest
Investigations into selected mycotoxins in barley, malt and wheat

By E.D. Baxter and R.E. Muller Brewing Research International Lyttel Hall, Nutfield, Redhill, Surrey RH1 4HY

DESCRIPTION: This is the final report of a 24 month project which started in July 2004. The work was carried out by Brewing Research International, and was funded by a contract of GBP 81,481 from HGCA (Project No. 3005), and industrial contributions from Brewing Research International (GBP 41,522), MAGB (GBP 5,000, in-kind) and nabim (GBP 3,000 in-kind), making a total of GBP 131,003.

The Home-Grown Cereals Authority (HGCA) has provided funding for this project but has not conducted the research or written this report. While the authors have worked on the best information available to them, neither HGCA nor the authors shall in any event be liable for any loss, damage or injury howsoever suffered directly or indirectly in relation to the report or the research on which it is based.

Reference herein to trade names and proprietary products without stating that they are protected does not imply that they may be regarded as unprotected and thus free for general use. No endorsement of named products is intended nor is it any criticism implied of other alternative, but unnamed, products.
... Load full article, 73 pages, 475 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2981 January 24, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  211.00  274.00  159.00  206.50 
2RS  Prestige  210.00  273.00  158.00  205.50 
2RS  Cellar  209.00  271.50  157.00  204.00 
2RS  Sebastien  208.00  270.50  156.00  202.50 
2RS  Astoria  208.00  270.50  156.00  202.50 
2RS  Cork   207.00  269.00  155.00  201.50 
6RW  Esterel   185.00  240.50  143.00  186.00 

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

Theoretical malt prices.
  EURO = USD 1.2981 January 24, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Jan 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  409.00  530.50  431.50  560.50  425.50  552.50  436.00  566.00 
2RS  Prestige  407.50  529.00  430.50  558.50  424.50  550.50  435.00  564.50 
2RS  Cellar  406.50  527.50  429.50  557.00  423.00  549.00  433.50  562.50 
2RS  Sebastien  405.50  526.00  428.00  555.50  421.50  547.50  432.50  561.00 
2RS  Astoria  405.50  526.00  428.00  555.50  421.50  547.50  432.50  561.00 
2RS  Cork   404.00  524.50  426.50  554.00  420.50  546.00  431.00  559.50 
2RS   Average price  406.50  527.50  429.00  557.00  423.00  549.00  433.50  562.50 
6RW  Esterel   376.00  489.50  399.50  519.00  393.50  510.50  404.00  524.50 
Asia Malt 70/30  397.50  516.00  420.50  545.50  414.00  537.50  424.50  551.00 
**  Asia Malt 50/50  391.50  508.50  414.50  538.00  408.00  529.50  418.50  543.50 

* - 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

Table of the week

Canada: Barley Supply and Disposition as of January 12, 2007

  2004-2005   2005-2006   2006-2007 f  2007-2008 f 
  Seaded area, '000 ha 4,678  4,440  3,861  4,660 
  Harvested area, '000 ha 4,050  3,889  3,362  4,170 
  Yield, tonne/ha  3.26  3.21  2.98  3.07 
  Production, '000  metric tonnes 13,186  12,481  10,005  12,800 
  Imports, '000 metric tonnes 83  46  40  35 
  Total Supply, '000 metric tonnes 15,371  15,962  13,333  14,435 
  Exports, '000 metric tonnes  1,863  2,978  2,300  2,400 
  Food & Industry Use, '000 metric tonnes 268  155  260  300 
  Feed, Waste, Dockage, '000 metric tonnes 9,417  9,181  8,758  9,330 
  Total Domestic Use, '000 metric tonnes 10,073  9,695  9,433  10,035 
  Carry-out Stocks, '000 metric tonnes 3,435  3,289  1,600  2,000 
  Average Price, CA$/tonne 112  110  140-160  125-145 

Source: Agriculture and Agri-Food Canada, f: forecast.
Newsletter SummaryTop
Graph of the week


These Days in Business History
January 22
1970 1st commercial Boeing 747 flight, New York to London in 6 hours
1967 The microwave oven is invented

January 23
1932 The Reconstruction Finance Corp. is created under a law signed today by Pres. Herbert Hoover
1849 Patent granted for an envelope-making machine
1991 World's largest oil spill, caused by embattled Iraqi forces in Kuwait

January 24
1902 Denmark sells Virgin Islands to USA
1935 1st canned beer, "Krueger Cream Ale," is sold by Kruger Brewing Co
1984 Apple Computer Inc unveila its Macintosh personal computer
Agenda
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.
WBA International Diploma in Brewing Technology Program Chicago
Grainworld 2007, Canada.


March 2007:
Beer Day, Iceland.
WorldFoodUzbekistan - 2007.
World Barley Malt & Beer Conference.
The 2nd International Trading Summit: Grains & Oilseeds, Turkey.




More events are available on site e-malt.com
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