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Newsletter Summary
Currency rates
Equities of largest breweries
Market prices change trend
Brewery news
Barley news
Hops news
More news
Theoretical malt prices
Malting barley prices
Table of the week
Graph of the week
On These Days
Agenda
Do you know e-malt.com?

Average market prices
Change trend
29 Mar - April 01, 2007
Crop 2006
2rs Barley €211.0-213.0 0.93%
6rw Barley €182.0-184.0 2.66%
2rs Malt €425.5-427.5 0.47%
6rw Malt €388.5-390.5 1.52%
Crop 2007
2rs Barley €175.0-177.0 1.15%
6rw Barley €152.0-154.0
2rs Malt €363.0-365.0 0.69%
6rw Malt €334.0-336.0

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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Other e-malt.com newsletters
Last five newsletters
See this Newsletter!
Newsletter 13a, 2007
See this Newsletter!
Newsletter 12b, 2007
See this Newsletter!
Newsletter 12a, 2006
See this Newsletter!
Newsletter 11b, 2007
See this Newsletter!
Newsletter 11a, 2007

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
E-malt.com graphs
All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
Last five graphs
Open this Table!
Malt Exports of Czech Republic (1993 - 2006)
Open this Table!
Brazil Beer Production (1995 - 2006e)
Open this Table!
Canada Malting Barley Exports by Country of Destination, 2005 - 2006
Open this Table!
USA Imports of Malt Beverages including Beer
Open this Table!
EU Malt Demand estimate 2006-2007

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 13b
March 29 - April 01, 2007
Quote of the week

"To be able to fill leisure intelligently is the last product of civilization."
Arnold Toynbee


Currency Rates
Base Currency: Euro, EUR
on 30-March-2007

1 EUR = 1.3327 USD
1 EUR = 0.6788 GBP
1 EUR = 1.5451 CAD
1 EUR = 1.6511 AUD
1 EUR = 156.423 JPY
1 EUR = 2.7516 BRL
1 EUR = 34.6678 RUB
1 EUR = 10.3114 CNY
 Base Currency: US Dollar
on 30-March-2007

1 USD = 0.7504 EUR
1 USD = 0.5094 GBP
1 USD = 1.1593 CAD
1 USD = 1.2388 AUD
1 USD = 117.379 JPY
1 USD = 2.0647 BRL
1 USD = 26.013 RUB
1 USD = 7.7372 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Russia: SABMiller to invest US$170 million in a new brewery in Russia... Click here

UK: Scottish & Newcastle is rumoured to be a takeover target for its rival Heineken... Click here

Brazil: AmBev to invest $2.4 billion in Brazil over 5 years... Click here

Canada: Labatt moves to acquire Lakeport... Click here

World: Beer is the World's most popular beverage... Click here

Peru: "Big Cola" maker eyes beer drinkers... Click here

USA: Pilsner Urquell earns highest taste rating of top selling imported beers... Click here

Canada: Ottawa farmers to end CWB's barley monopoly... Click here

USA: Hop stocks up 23% from 2006... Click here

More News
USA: Increasing feed barley prices narrow gap with malting prices ... More Info

Australia: ABB Grain to provide growers premium services in deregulated barley environment ... More Info

Belgium: InBev rating on "hold" ... More Info

Russia: Barley export in February became the highest this season ... More Info

Denmark: Jacobsen beer from Carlsberg awarded for its design ... More Info

World: Beer producers try to attract women with milk and fruit-infused beers ... More Info

Canada: Barley plebiscite results are not surprising ... More Info

Mexico: Proposed dividend of Ps.1.485 million approved at annual meeting of stockholders ... More Info

Denmark: Carlsberg shares higher on S&N bid rumours ... More Info

Japan: Sapporo adopts defense against Steel Partners ... More Info



Brewery News
Russia: SABMiller to invest US$170 million in a new brewery in Russia

SABMiller plc, one of the world’s leading brewers, announces that its Russian operations will invest approximately US$170 million in the construction of a new brewery outside the city of Ulyanovsk, which is located approximately 1000 kilometres East of Moscow, according to SABMiller’s news room, March 26. The city of Ulyanovsk, which lies on the Volga river, enjoys good road and rail links and is home to a number of raw material suppliers.

The new brewery, which will have an initial capacity of 3 million hectolitres, is expected to be operational in early 2009 and will complement the group’s existing brewery in Kaluga, which is located some 180 kilometres south west of Moscow. SABMiller’s business in Russia has enjoyed compound annual volume growth of approximately 30% over the last 5 years, and its Kaluga site has now been expanded to a capacity of 6 million hectolitres. Both breweries will produce SABMiller’s Russian brands, including Zolotaya Bochka (“Golden Barrel”), Miller Genuine Draft and Velkopopovicky Kozel; which together comprise 3 of Russia’s top 10 leading brands in the premium segment.

“Russia remains a strategically important market for SABMiller and this investment will enable us to maintain our strong growth profile in the premium ... More Info

UK: Scottish & Newcastle is rumoured to be a takeover target for its rival Heineken

Shares in the UK's biggest brewer Scottish & Newcastle (S&N) have risen strongly on speculation it may be a takeover target for rival Heineken, BBC posted on March 30. Some £600m was added to the value of the Edinburgh-based brewers, Scotland's third-largest industrial company, on the back of City rumours that Dutch rival Heineken is poised to launch a takeover bid.

S&N, whose brands include Fosters and Kronenbourg, saw its shares rise a further 1% in early Friday trading after having closed up 12.1% on Thursday.

Despite the rumours, analysts were divided on whether any bid for S&N from the Dutch company would be forthcoming. Some brewing industry analysts said Edinburgh-based S&N was vulnerable to takeover as it did not have a big controlling shareholder.

But others said Heineken might be put off by the possibility that, if they make a bid, such a deal may come under close examination by competition regulators, especially in France where both companies dominate. Other commentators speculated whether Danish brewer Carlsberg would be a better fit for S&N, and that the two could potentially look to merge in the future.

The company was the fastest-rising stock on the blue-chip FTSE 100 list of leading shares, ... More Info

Brazil: AmBev to invest $2.4 billion in Brazil over 5 years

AmBev, the Brazilian unit of global brewer InBev, said it would invest about 5 billion reais ($2.4 billion) over the next five years in Brazil to expand in a growing market, Reuters reported March 28.

Brazil's leading brewer made the announcement on Wednesday, the same day it said it would buy local beer company Cintra for $150 million. AmBev already has close to 70 percent of the country's beer market.

AmBev said it needed the record level of investment to expand its production capacity, especially in northeastern and central-western Brazil to take advantage of the country's accelerating economic growth and growing beverage market.

"It is the biggest investment announced by the company since Ambev's creation" nearly seven years ago, the statement said.

The Cintra deal, which also serves to expand capacity, will give AmBev control of two plants in the key states of Rio de Janeiro and Sao Paulo. It still has to be approved by regulators.

The transaction does not include the Cintra brand name or its distribution network, but AmBev will retain the option to buy those assets at a later date.

The acquisition of Cintra will help AmBev block rival Schincariol's attempts to make headway in the state of Rio de Janeiro. Though ... More Info

Canada: Labatt moves to acquire Lakeport

Holders of trust units of Lakeport Brewing Income holding in the aggregate 6,578,080 Units, representing approximately 91.43% of the Units on a fully-diluted basis, have tendered their Units under the offer launched by Labatt Brewing Company Limited, dated February 21, 2007, for all of the Units of Lakeport, InBev announced March 30.

All of the conditions of the Offer having been satisfied, Labatt has taken up and paid for the Units deposited under the Offer. Subsequent to the compulsory acquisition of the non-tendered Units, Lakeport will become wholly-owned by Labatt. Accordingly, Lakeport will be making application to have the Units delisted from the Toronto Stock Exchange and will be taking steps to give notice and obtain appropriate orders to permit it to cease being a reporting issuer under Canadian securities legislation.

Dutch and French versions of this press release will be posted on http://www.inbev.com/ later today. About LakeportLakeport Brewing Income Fund is an Ontario-based brewery focused on producing value-priced beer for the Ontario market. Lakeport produces nine proprietary beer brands, two of which, Lakeport Honey Lager and Lakeport Pilsener, are among the top selling brands in the province. Lakeport has approximately 200 full-time employees at its production facility ... More Info

World: Beer is the World's most popular beverage

AC Nielson, a company that does international marketing anyalsis, recently carried out a survey which revealed that the world's most popular beverage is beer, Associated Content published March 26. The second and third most favourite beverages in the world come as no surprise. In second were soft drinks and in third came wine.

Beer consumption around the world is soaring. One reason for the increase of beer being drunk is that it is now available to massive markets where it had previously been banned. Two to the countries with the highest rise of beer sales are China and Russia, both countries were beer was previously was restricted.

At the moment the US is the largest producer of beer in the world. However this expected to change within the next five years. It is thought that China will over take the US. Since 1995 the consumption of beer in China has risen by 88 percent. The Chinese economy has opened up and due to the potential of the beer market in the country, a number of international beer brewers built or bought shares in plants in China. Anheuser-Busch has bought a 30 percent share of the most established Chinese brewer, Tsingtao. At the ... More Info

Peru: "Big Cola" maker eyes beer drinkers

Peruvian multinational beverage maker Ajegroup, which makes its Big Cola soft drinks in eight nations, says it's poised to enter the beer market, starting in its home country, its chief executive said, according to Reuters, March 22.

Speaking at the Reuters Latin American Investment Summit, Angel Ananos said Ajegroup would invest $35 million this year in the beverage company's strategy to expand into brewing beer.

Ajegroup initially is aiming for a tenth of Peru's beer market. Calling it feasible, he said: "Taking 10 percent of the market that is growing at 20 percent is not too aggressive."

The new beer unit would have the capacity to meet 15 percent of Peru's market, whose size he did not specify.

Privately held Ajegroup is majority owned by the Ananos family.

Peru's beer market, analysts say, is dominated by SABMiller Plc (SAB.L: Quote, Profile, Research)(SABJ.J: Quote, Profile, Research). Its Peruvian unit Backus y Johnston (BKJi.LM: Quote, Profile, Research) posted 2006 sales of 1.569 billion soles ($490 million).

Peru has one of the lowest beer consumption rates in Latin America, making it an attractive market, SABMiller Peru Chief Executive Robert Priday told the Reuters Summit on Tuesday.

Last year, SABMiller invested $102 million in Peru and Priday forecast even more investments ... More Info

USA: Pilsner Urquell earns highest taste rating of top selling imported beers

The new focus on marketing tactics traditionally used by wine producers is prompted by the Beverage Testing Institute (BTI), who recently awarded Pilsner Urquell a score of 93 points (out of 100)—the highest rating ever given to a pilsner style lager, Business Wire reported, March 29. This rating places Pilsner Urquell at the “exceptional” level, atop some of the most well known import lager brands.

The ultra-premium imported beer Pilsner Urquell is taking its place among other top-rated brands in the liquor department. The Czech Republic import, the beer that invented the pilsner category, will be showcased utilizing a points rating system and with suggested food pairings.

Sales figures back up the brand’s strategy, as import beer sales are rising at a faster rate than those of wine. According to the Beer Institute, import beer sales were up nearly 15 percent last year, while the Nielsen Company reports wine sales increased 7 percent in 2006.

“We are finding that the wine aficionados who savor the total sensory experience also enjoy Pilsner Urquell’s deep golden hue and delicate malt/hop balance,” said Evan Cohen, U.S. brand manager for Pilsner Urquell.

In the typical week, according to Research International, more than 55 ... More Info

Barley News
Canada: Ottawa farmers to end CWB's barley monopoly

Ottawa will move to end the Canadian Wheat Board's monopoly on barley sales from Western Canada by August 1 after most farmers voted against keeping the traditional system, Agriculture Minister Chuck Strahl said, according to Reuters, March 28.

The government will soon begin work on changing the Canadian Wheat Board regulations to open up barley marketing by the new crop year, Strahl said.

"You can't misinterpret this. Farmers want choice on barley," Strahl said of the results of a plebiscite organized by the federal government.

He said more than 29,000 farmers or slightly more than half of eligible voters mailed in ballots, with a total of more than 62 percent voting to end the monopoly.

Strahl said 48.4 percent voted to make the CWB an optional agency, and 13.8 percent voted to remove the CWB from barley sales altogether.

Another 37.8 percent of farmers voted to keep the CWB's monopoly on barley sales to maltsters and export markets, Strahl said.

The CWB is one of the world's largest grain marketers and has often been the focus of attacks by the United States and European Union, which argue it distorts international trade.

The agency, which has a marketing monopoly on western ... More Info

Hops News
USA: Hop stocks up 23% from 2006

The inventory of hops held by growers, dealers, and brewers on March 1, 2007 totalled 85.0 million pounds, 23 percent more than March 1, 2006, and 12 percent more than March 1, 2005, National Agricultural Statistics Service (NASS), announced in its press release of March 20.

At this level, hop stocks are the same as those held on March 1, 2004.

Stocks held by brewers, at 42.0 million pounds, were up 8 percent from a year ago, but were 2 percent less than March 1, 2005. Stocks held by growers and dealers on March 1, 2007 totalled 43.0 million pounds, 43 percent more than March 1, 2006, and 30 percent more than March 1, 2005.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3327 March 30, 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  285.50  178.00  237.50 
2RS  Prestige  213.00  284.00  177.00  236.00 
2RS  Cellar  212.00  282.50  176.00  234.50 
2RS  Sebastien  211.00  281.50  175.00  233.50 
2RS  Astoria  211.00  281.50  175.00  233.50 
2RS  Cork   211.00  281.50  174.00  232.00 
6RW  Esterel   183.00  244.00  153.00  204.00 

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

Theoretical malt prices.
  EURO = USD 1.3327 March 30, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Mar 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  428.50  571.50  451.50  601.50  445.50  593.50  456.00  607.50 
2RS  Prestige  427.50  569.50  450.50  600.00  444.00  591.50  454.50  606.00 
2RS  Cellar  426.50  568.00  449.00  598.50  443.00  590.00  453.50  604.50 
2RS  Sebastien  425.00  566.50  448.00  596.50  441.50  588.50  452.00  602.50 
2RS  Astoria  425.00  566.50  448.00  596.50  441.50  588.50  452.00  602.50 
2RS  Cork   425.00  566.50  448.00  596.50  441.50  588.50  452.00  602.50 
2RS   Average price  426.50  568.00  449.00  598.50  443.00  590.00  453.50  604.50 
6RW  Esterel   389.50  520.50  413.50  551.00  407.00  542.50  417.50  556.50 
*  Asia Malt 70/30  415.50  554.00  438.50  584.00  432.00  576.00  442.50  590.00 
**  Asia Malt 50/50  408.50  544.50  431.50  574.50  425.00  566.50  435.50  580.50 

* - 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

Australian Barley Supply and Disposal 2001-2007f
in thousand tonnes 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 s 2006-2007 f
Production 8 280 3 865 10 382 7 740 9 869 3 722
   Domestic use 2 535 2 016 2 476 2 685 2 805 3 160
   as malt and other human use 161 165 168 172 176 166
   feed 2 200 1 650 2 100 2 300 2 450 2 784
   seed 174 201 208 213 180 210
 Exports  5 274 2 608 6 996 4 862 5 917 2 665
   as malting barley 1 705 1 099 2 135 1 464 2 067 1 240
   malt (grain equivalent) 600 624 624 601 595 627
   feed barley 2 971 885 4 241 2 798 3 191 798
s - ABARE estimated, f-ABARE forecast. Source - ABARE February, 2007
Newsletter SummaryTop
Graph of the week


These Days in Business History
March 29
1886 Chemist John Pemberton begins to advertise for Coca-Coke
1888 James E. Casey is born, founder of United Parcel Service
1918 Sam Moore Walton, future founder of Wal-Mart, is born in Kingfisher, Okla

March 30
1858 Pencil with attached eraser patented by Hyman L. Lipman
1867 1867: U.S. Secretary of State William H. Seward agrees to purchase the Alaskan territories from Russia for $7,200,000

March 31
1889 300m Eiffel Tower officially opens, commemorates French Revolution
1896 Whitcomb Judson, Chicago, patents a hookless fastening, also know as the zipper
1917 U.S. purchases Danish West Indies for $25M and renames them Virgin Islands

April 1
1778 Oliver Pollock, a New Orleans businessman, creates "$" symbol
1826 Samuel Mory patents internal combustion engine
1986 World oil prices dip below $10 a barrel
Agenda
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

May 2007:
European Grain & Oilseed Convention 2007, Brussels
31-st International Congress of the European Brewery Convention , Italy
Hofex - 2007, China
InterFood Azerbaijan 13th Azerbaijan International Food Industry and Agriculture Exhibition
InterFood Astana , Kazakhstan, 9th Astana International Exhibition for Food, Beverages, Technologies



More events are available on site e-malt.com
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