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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
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
08 Feb - 11 Feb, 2007
Crop 2006
2rs Barley €211.0-213.0
6rw Barley €185.0-187.0
2rs Malt €409.5-411.5
6rw Malt €376.5-378.5
Crop 2007
2rs Barley €158.0-160.0
6rw Barley €142.0-144.0
2rs Malt €332.0-334.0
6rw Malt €311.5-313.5

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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Newsletter 05a, 2007
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Newsletter 04b, 2007
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Newsletter 04a, 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 06b
February 08 - February 11, 2007
Quote of the week

"Religions change, but beer and wine remain."
Harvey Allen


Currency Rates
Base Currency: Euro, EUR
on 09-February-2007

1 EUR = 1.3013 USD
1 EUR = 0.662 GBP
1 EUR = 1.5427 CAD
1 EUR = 1.6684 AUD
1 EUR = 157.463 JPY
1 EUR = 2.731 BRL
1 EUR = 34.3188 RUB
1 EUR = 10.0966 CNY
 Base Currency: US Dollar
on 09-February-2007

1 USD = 0.7685 EUR
1 USD = 0.5087 GBP
1 USD = 1.1854 CAD
1 USD = 1.2822 AUD
1 USD = 121.004 JPY
1 USD = 2.0986 BRL
1 USD = 26.3719 RUB
1 USD = 7.7586 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Poland: Poland's top three brewers increased beer sales 7.2% to 32.5 mln hl in 2006... Click here

Japan: 3 major Japanese brewers reported record-high profits in 2006... Click here

Singapore: Asia Pacific Breweries (APB) has a strong 2007 start... Click here

Belarus & Russia: Belarus to lift restrictions on Russia's beer imports from Mar.1... Click here

Vietnam: Scottish & Newcastle and Vietnam Tobacco to build a brewery... Click here

USA & Australia: Coopers beers are now available in all 50 states of America... Click here

EU: A strong reduction of malt exports from last year are shown by EU malt export licence fixations... Click here

EU: Estimates of new crop malting barley acreage are different in different EU countries... Click here

EU: 12 million tonnes of malting barley is forecast by Strategie Grains for crop 2007 versus 10.4 million tonnes in 2006... Click here

More News
EU: The European Court upheld the fine against Danone for participating in a cartel on the Belgian beer market ... More Info

Australia: Lion Nathan expects a net profit of AUD 245-260 mln for this year ... More Info

Kazakhstan: 5 mln Euro invested in “Rosa” brewery ... More Info

Poland: SABMiller's Polish brewer Kompania Piwowarska boosts sales by 10.7% in 2006 ... More Info

Singapore: Fraser & Neave Q1 net profit raised 11.6% due to stronger beer sales ... More Info

Canada: The plebiscite on marketing choice for barley started ... More Info

Australia: Lion Nathan is keeping its $200 million share buyback on hold ... More Info

Ukraine: Ukraine beer exports 27.8% up in December 2006 ... More Info

India: Beer invasion on Indian market ... More Info

USA: Anheuser-Busch launches Michelob in teardrop bottles based on 1961 package ... More Info

UK: £21m Carlsberg sponsorship for Football Club Liverpool ... More Info

USA: Money from beer taxes increase is going to alcoholism treatment programs ... More Info

Japan: Kirin Brewery Company to adopt a new holding system ... More Info

USA: Pyramid Breweries appoints a new Board member ... More Info



Brewery News
Poland: Poland's top three brewers increased beer sales 7.2% to 32.5 mln hl in 2006

Browary Polskie, a grouping of Poland's three largest breweries, said its members sold 7.2% more beer year-on-year (y/y) to a total of 32.5 mln hectolitres (hl) in 2006 against 30.3 mln hl in 2005, the association said in a report Wednesday, according to Interfax Central Europe, February 7.

"Good results of the brewing industry last year reflect positive external factors: the FIFA World Cup and a hot summer," said Mark

Bowman, the general director of Poland's top brewer, SABMiller-owned Kompania Piwowarska. "The increase of consumer wealth was also an important factor."

Browary Polskie expects the sales volume to rise 2-3% in 2007. "Such growth as last year will be hard to repeat, but we would like to see beer sales rise by 2-3% this year," Browary Polskie President Pawel Sudol told a press conference, as reported by the state-owned news agency PAP.
He added that per-capita beer consumption in Poland is approaching the average in the European Union.
"As a sector we are prepared for higher sales as the sector's production capacities amounted to 35-36 mln hl in 2006, but we try to be cautious in our forecasts," Sudol said. "Beer consumption ... More Info

Japan: 3 major Japanese brewers reported record-high profits in 2006

Three major beer brewers in Japan saw record high profits in their 2006 business year through Dec. 31 by expanding lineups of beer-like products and offering more food and soft-drink products while demand for beer kept shrinking, according to their reports released by Thursday, Kyodo News International reported February 8.

Kirin Brewery Co. posted a record high net profit of 53.5 billion yen, up 4.4 percent from the previous year, on sales of 1.67 trillion yen, up 2.1 percent, as it had good sales of "happoshu" low-malt beers and low-priced "third category" beers.

Asahi Breweries Ltd. said its net profit rose 12.3 percent to a record high 44.7 billion yen on record high sales of 1.45 trillion yen, up 1.1 percent. Asahi was the only brewer which saw sales in beer drop. But its acquisition of major baby food maker Wakodo Co. and a solid performance at affiliate Asahi Soft Drinks Co. helped it boost profits.

Suntory Ltd.'s pretax profit jumped 29.2 percent to an all-time-high 75.5 billion yen as its sales rose 2.9 percent to 1.41 trillion yen thanks to brisk sales of its "high grade" beer products and pricey health-conscious tea products.

Suntory reduced its pretax loss in the beer segment of ... More Info

Singapore: Asia Pacific Breweries (APB) has a strong 2007 start

APB had a strong start to the current financial year, with almost all markets contributing to a positive overall Group performance, according to company’s news room, February 9.

Attributable net profit before exceptional items achieved robust organic growth of 19.2% or $7.6 million versus the same period last year. Including gestation losses and related costs, attributable profit before exceptional items gained 2.7% or $1.1 million to $40.5 million.

PBIT grew organically by $10.3 million or 13.6% as compared to the first quarter of the previous year. However, taking into account gestation losses and related costs, PBIT rose 1.0% or $0.7 million from $75.5 million to $76.2 million.

Mr. Koh Poh Tiong, Chief Executive Officer, APB said, “The healthy organic profit growth demonstrated the benefits of establishing a regional footprint for APB and the firm platform that has been laid. Amongst the best performing markets this first quarter was Papua New Guinea which recorded an impressive 31% increase in PBIT due to improved margins from beer price increases and volume growth of 14%. IndoChina too achieved volume gains of 26% while New Zealand and China registered volume growth of 12% and 11% respectively.”

While APB’s regional markets continued to contribute significantly to its ... More Info

Belarus & Russia: Belarus to lift restrictions on Russia's beer imports from Mar.1

Belarus said it will lift its restrictions on imports of Russia beer as of March 1, RIA Novosti reported February 7.

Belarus put quotas on Russian beer in February 2003 to protect the domestic brewery industry. Many experts said Russian-made beer was of higher quality, while prices were similar for brewery products produced in both ex-Soviet republics.

Trade relations between the traditional allies have been complicated recently by a host of issues, in particular an energy row at the beginning of the year.

Russia and Belarus declared their intention in 1997 to build a Union State envisaging a common economic, customs and political space, but the negotiations have stalled.

Vietnam: Scottish & Newcastle and Vietnam Tobacco to build a brewery

A joint venture between Scottish & Newcastle Plc and Vietnam National Tobacco Corp. was licensed on Feb. 8 to construct a brewery with an annual capacity of 100 million litres in southern Long An province, Asia Pulse reported February 9.

The Kronenbourg Vietnam Co. Ltd. has a total investment capital of US$75 million equally contributed by the two partners and an operation period of 50 years.

Located in Duc Loc commune, Duc Hoa district, the brewery is scheduled to become operational after 18 months of construction.

USA & Australia: Coopers beers are now available in all 50 states of America

Coopers beers of Australia are now available in all 50 states of America as the result of a distribution agreement with USA restaurant franchise, the Outback Steakhouse Company, according to Coopers’ press release of February 7.

And in another distribution deal, Coopers has sent a trial shipment of keg beer to support a new Australian-themed restaurant in California, the Bondi Bar and Kitchen.

Bottles of Coopers Sparkling Ale and Lager are now being sold in all 775 Outback Steakhouse franchises in the USA, opening the way for the beers to be sold in other outlets in each state.

Coopers Chairman and Marketing Director, Mr Glenn Cooper, said work to roll-out beer supplies to the Outback Steakhouse franchises in the USA had commenced in September last year and had now been completed.
“Coopers is now the first real Australian-made beer to be sold in all states of America,” he said.

While Coopers has been exporting to the US for a number of years, differing licensing and distribution requirements in each state have meant that exports were restricted to the larger population centers.
However, as part of the Outback Steakhouse contract, Coopers worked with distributors in each state to meet the differing requirements and open up sales to ... More Info

Malt News
EU: A strong reduction of malt exports from last year are shown by EU malt export licence fixations

EU malt export licence fixations of 1.06 million tonnes at the end of January show a strong reduction of exports from last year.

At present the pace of exports is down by 160,000 tonnes. If the rhythm of export shipments remains unchanged, exports at the end of the crop year will total 1.8 million tonnes against 2.1 million tonnes last year.

There is no single reason for the lower exports, but a combination of factory closures, uncompetitive offers of inland maltsters, a very short malt cover by brewers, and some losses of market share to maltsters of Canada, Argentina, Russia and China.

Barley News
EU: Estimates of new crop malting barley acreage are different in different EU countries

France is changing its variety of six-row winter barley; Esterel will be sharply reduced and partly replaced by Cervoise. Also two-row winter barley Vanessa plantings will be less than in past years, according to analysts. Therefore France may produce altogether much less winter malting barley. However, French farmers, who harvested a reasonably good crop of spring barley in 2006 and who find the new crop price levels of EUR 160,- ex farm attractive, will grow possibly up to 10 % more spring barley, in the Champagne even 15 % more.

One forecast for the UK is: 2 % more winter barley, but the share of malting varieties will drop from 45 to 35 %, 2 % less spring barley, but the share of malting varieties will increase from 70 to 80 %. This expectation is, of course, preliminary, but it could lead to a small increase of malting barley production.

A forecast for Germany is particularly difficult, as there are negative opinions citing the attractiveness of grain production for bio-energy and optimistic voices saying that farmers are attracted by the good prices of malting barley after all. Germany is by far the largest producer of bio-diesel and bio-gas in the ... More Info

EU: 12 million tonnes of malting barley is forecast by Strategie Grains for crop 2007 versus 10.4 million tonnes in 2006

The French forecaster "Strategie Grains" has published a first estimate of the EU-27 barley crop in 2007: 61 million tonnes of barley versus 56 million tonnes last year, of which 12 million tonnes malting barley versus 10.4 million tonnes in 2006.

Market analysts commented: “It is normal that crop forecasters base their figures on normal vegetation conditions, and in good years they are right. The experiences of past years, the recent UN study on the climatic changes in the world, and last, not least the strange warm winter in Europe to-date are warning us not to be too optimistic.

Market actions of the past months indicate that trade and industry have become less speculative and more security-minded in their activities. As a side-note it must be mentioned that Spain is rather dry again, and Greece and Turkey report drought conditions endangering their crops already at such an early stage. North America, on the other hand, is going though a very cold period.

Should that cold front come to Europe, there will be a great risk of winter kill in the far advanced fields of winter grains, unless the cold comes together with sufficient snowfalls. As a consequence a larger acreage of ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3013 February 09, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  214.00  278.50  161.00  209.50 
2RS  Prestige  213.00  277.50  160.00  208.50 
2RS  Cellar  212.00  276.00  159.00  207.00 
2RS  Sebastien  211.00  274.50  158.00  206.00 
2RS  Astoria  211.00  274.50  158.00  206.00 
2RS  Cork   211.00  274.50  157.00  204.50 
6RW  Esterel   186.00  242.50  143.00  186.50 

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

Theoretical malt prices.
  EURO = USD 1.3013 February 09, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Feb 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  413.00  537.50  436.00  567.50  429.50  559.00  440.50  573.00 
2RS  Prestige  412.00  536.00  434.50  565.50  428.50  557.50  439.00  571.50 
2RS  Cellar  410.50  534.50  433.50  564.00  427.50  556.00  438.00  569.50 
2RS  Sebastien  409.50  533.00  432.50  562.50  426.00  554.50  436.50  568.00 
2RS  Astoria  409.50  533.00  432.50  562.50  426.00  554.50  436.50  568.00 
2RS  Cork   409.50  533.00  432.50  562.50  426.00  554.50  436.50  568.00 
2RS   Average price  410.50  534.50  433.50  564.00  427.50  556.00  438.00  569.50 
6RW  Esterel   377.50  493.00  401.50  522.50  395.50  514.50  406.00  528.00 
*  Asia Malt 70/30  401.00  522.00  424.00  551.50  417.50  543.50  428.50  557.50 
**  Asia Malt 50/50  394.50  513.50  417.50  543.50  411.50  535.00  422.00  549.00 

* - 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

EU Malt Export Licence Fixations

(in tonnes) 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 July 01, 2006 -
January 30, 2007  
 France   701,134  661,772  774,761  674,140  648,338  299,798 
 Germany   468,314  408,063  422,047  295,876  236,735  135,870 
 Belgium   296,368  287,850  317,292  418,344  551,396  331,513 
 U.K. 350,621  294,995  443,501  201,892  190,862  72,853 
 Finland   91,890  100,758  114,165  64,986  79,357  36,321 
 Denmark    96,812  94,791  90,452  74,743  68,809  36,321 
 Sweden   101,000  76,916  78,369  88,840  96,100  38,650 
 Netherlands   51,310  66,219  80,703  49,128  92,383  49,850 
 Ireland   35,145  31,140  38,900  56,924  7,001  2,250 
 Austria   8,840  8,620  60,211  16,954  38,932  16,818 
 Spain   2,400  5,640  10,000  -  -  - 
 Greece   1,744  1,306  979  130  -  - 
 Portugal   221  85  695  850  1,088  485 
 Italy   -  2  -  -  -  - 
 Czech Republic       34,340  82,062  77,036  23,644 
 Poland       7,604  32,084  167  - 
 Hungary       2,830  85,792  16,865  1,526 
 Slovakia       1,000  76,916  75,863  18,023 
 Lithuania      -  -  54  2 
 Total EU   2,205,799  2,038,157  2,477,849  2,219,661  2,180,986  1,057,018 

  Total Wheat malt, tonnes  
Total 2001 - 2002    12,805 
Total 2002 - 2003    30,908 
Total 2003 - 2004    15,768 
Total 2004 - 2005    8,162 
Total 2005 - 2006   4,693 
July 01, 2006 - January 30, 2007   2,255 
   
  Total Roasted malt, tonnes  
Total 2001 - 2002    23,480 
Total 2002 - 2003    23,603 
Total 2003 - 2004    24,438 
Total 2004 - 2005    27,212 
Total 2005 - 2006   23,257 
July 01, 2005 - January 30, 2007   16,239 
Newsletter SummaryTop
Graph of the week


These Days in Business History
February 8
1883 Louis Waterman begins experiments to invents fountain pen
1926 Walt Disney Studios forms
1971 NASDAQ market opens for stock trading, as the National Association of Securities Dealers Automated Quotation system first displays the median price for more than 2,500 “over-the-counter” securities.

February 9
1585 The Frankfurt Stock Exchange is established.
1955 US federations of trade unions merge into AFL/CIO
1969 World's largest airplane, Boeing 747, makes 1st commercial flight

February 10
1635 Académie Française forms in Paris (by Cardinal Richelieu)
1933 Delivery of 1st singing telegram
1961 Niagara Falls hydroelectric project begins producing power

February 11
1809 Robert Fulton patents steamboat
1826 London University founded
1987 British Airways begins trading stocks
Agenda
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.


April 2007:
InterFood St. Petersburg
15th Annual International Beer Festival, USA.
The International Hop Growers’ Convention (IHGC) Meetings, France.
24th ANNUAL INTERNATIONAL BEER FESTIVAL SAN FRANCISCO



More events are available on site e-malt.com
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