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

Average market prices
Change trend
April 02 - April 04, 2007
Crop 2006
2rs Barley €209.0-211.0 0.94%
6rw Barley €180.0-182.0 1.09%
2rs Malt €424.5-426.5 0.23%
6rw Malt €387.5-389.5 0.26%
Crop 2007
2rs Barley €175.0-177.0
6rw Barley €152.0-154.0
2rs Malt €363.0-365.0
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 . The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.

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Newsletter 13b, 2007
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Newsletter 13a, 2007
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Newsletter 12b, 2007
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Newsletter 12a, 2006
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Newsletter 11b, 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!
China Beer Production
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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

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 14a
April 02 - April 04, 2007
Quote of the week

"A little bit of beer is divine medicine."
Paracelsus, Greek physician


Currency Rates
Base Currency: Euro, EUR
on 04-Avril-2007

1 EUR = 1.3363 USD
1 EUR = 0.6758 GBP
1 EUR = 1.546 CAD
1 EUR = 1.6408 AUD
1 EUR = 158.122 JPY
1 EUR = 2.7331 BRL
1 EUR = 34.7299 RUB
1 EUR = 10.3443 CNY
 Base Currency: US Dollar
on 04-Avril-2007

1 USD = 0.7484 EUR
1 USD = 0.5058 GBP
1 USD = 1.157 CAD
1 USD = 1.2279 AUD
1 USD = 118.336 JPY
1 USD = 2.0453 BRL
1 USD = 25.9902 RUB
1 USD = 7.7412 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
China: Anheuser-Busch to build a brewery in Guangdong Province to support growth of Budweiser and Harbin brands... Click here

Latin America: AmBev decided to extend the period of the voluntary offer to purchase the outstanding shares of Quilmes... Click here

Czech Republic: Government to inspect Budvar Brewery... Click here

USA: Boston Beer Company signs brewing agreement with City Brewing Company to brew some of its beer in Latrobe... Click here

Uzbekistan: BBH’s Sarbast Plus to open brewery in Tashkent in June... Click here

China: China Resources Enterprise announced final results for 2006... Click here

Scandinavia: Barley prices reach highest levels in the history... Click here

EU: The impact of the growth of bio-fuels production on malting barley... Click here

Australia: 2006/07 barley pools closed, new pools opened... Click here

More News
Venezuela: Hugo Chavez bans alcohol sales for Easter ... More Info

Spain: Mahou-San Miguel acquires Cervezas Alhambra ... More Info

Canada: CWB says the fight over the barley sales monopoly is far from over ... More Info

Ethiopia: New beer factory to be set in Addis Ababa ... More Info

USA: Redhook posts first annual profit in a decade ... More Info

Tanzania: Tanzania Breweries to use sea water in beer production ... More Info

Russia: Heineken seeks 20% market share ... More Info

USA: Barley stocks drop 30% ... More Info

Poland: Kompania Piwowarska increased production capacity for Bialystok brewery ... More Info

Germany: Beck's opens new logistics centre in Bremen ... More Info

USA: Anheuser-Busch reduces emissions to fight global warming ... More Info

South Korea: Oriental Brewery appoints Horim Yi as new CEO ... More Info

Canada: Labatt introduces Alexander Keith's Red Amber Ale in Ontario ... More Info

USA: Aladdin Beverage named exclusive importer of Antares beer from Argentina ... More Info

Israel: Brewers produced a beer that contains laughing gas ... More Info



Brewery News
China: Anheuser-Busch to build a brewery in Guangdong Province to support growth of Budweiser and Harbin brands

Anheuser-Busch announced it will build a greenfield brewery in Foshan to support the significant growth of Budweiser and Harbin premium brands throughout China, according to companys’ press release of April 3.

Anheuser-Busch is doubling Budweiser’s distribution in China over the next five years by expanding to 100 new cities each with a population of at least 1 million people. These markets will make Budweiser available to an additional 150 million potential beer drinkers. Anheuser-Busch also plans to introduce Harbin premium brands to 33 new markets in 2007.

The strong growth of Anheuser-Busch brands in China over the past 10 years combined with the planned expansion to new cities signals the confidence the international brewer has in the Chinese beer market. The construction of the new Budweiser Brewing Foshan Co. Ltd. ensures Anheuser-Busch has sufficient supply as the company strengthens its position in China.

In 2006, China’s beer market grew nearly 15%, the third consecutive year of double-digit volume growth. Additionally, Grupo Modelo named Anheuser-Busch the importer of Corona Extra and its other brands in China.

“As the largest-volume and fastest-growing beer market in the world, China remains one of our most important international priorities,” said August A. Busch IV, president and chief ... More Info

Latin America: AmBev decided to extend the period of the voluntary offer to purchase the outstanding shares of Quilmes

InBev announced that AmBev has extended the period of the voluntary offer made by Beverage Associates Holding Ltd. (“BAH”), a Bahamian corporation and a wholly-owned subsidiary of AmBev, to purchase up to 6,872,480 Class A shares and up to 8,661,207 Class B shares (including Class B shares held as American Depositary Shares (“ADSs”)) of its subsidiary Quilmes Industrial (Quinsa), Société Anonyme (“Quinsa”), which represent the outstanding Class A shares and Class B shares (and Class B shares held as ADSs) that are not owned by AmBev or its subsidiaries, at a purchase price of U.S.$3.35 per Class A share and U.S.$33.53 per Class B share (U.S.$67.07 per ADS), net to the seller in cash (less any amounts withheld under applicable tax laws), without interest, to 5:00 p.m., New York City Time, on April 19, 2007, according to InBev’s press release of April 3.

AmBev and BAH have prepared a supplement (the “Supplement”) to the Offer Document which will be mailed to shareholders. The offer period is extended to allow shareholders the opportunity to review the Supplement prior to making their decision.

About InBev

InBev is a publicly traded company (Euronext: INB) based in Leuven, Belgium. The company's origins date back ... More Info

Czech Republic: Government to inspect Budvar Brewery

The Czech Government plans to inspect Budvar brewery in order to find out whether its contracts, including the recent distribution deal with long-time US rival Anheuser Busch, are advantageous, Deutsche Presse-Agentur reported April 2.

Trade Minister Martin Riman recently said that the deal between the two companies lowers Budvar's value.

The brewery's general manager, Jiri Bocek, countered that it will take at least until September before the contract's benefits could be assessed, the Hospodarske noviny daily reported.

The brewery, which according to Riman's recent remarks has a brand value of between 20 and 30 billion koruny (932 million and 1.4 billion dollars), has been involved in a worldwide legal battle with Anheuser Busch over the Budweiser trademark for almost a century.

In January the two rivals struck a deal in which Anheuser Busch, which is seen as an important bidder in any future privatization, is to distribute Budvar's lager across the United States under the Czechvar brand name.

The Czech centre-right government recently conceded to a possible future sale of Budweiser Budvar, the last major Czech brewery remaining in state hands, in order to raise budget revenues, earlier reports said.

USA: Boston Beer Company signs brewing agreement with City Brewing Company to brew some of its beer in Latrobe

The Boston Beer Company announced that it has signed an agreement with a wholly-owned subsidiary of City Brewing Company to brew some of its beer in Latrobe, Pennsylvania, according to Boston Beer Company’s press release, April 3.

Boston Beer and City Brewing will immediately begin work to upgrade the brewery by purchasing equipment to allow for Samuel Adams' traditional brewing process, use of proprietary yeasts and extended aging time, and beer bottling and kegging. Brewing of Boston Beer products is expected to begin during the second quarter.

"This agreement gives us increased flexibility," said Martin Roper, President & CEO of The Boston Beer Company. "With increased interest from drinkers in high-quality, full flavored craft beers like Samuel Adams, our sales grew 17% in 2006. We felt it was important that we arrange additional brewing capacity to augment what we can brew in our other brewing locations and provide security and flexibility of supply while we continue to review our long-term brewing strategy. We chose the Latrobe site because it has a classic brewhouse and because of our solid partnership with City Brewing at their brewery in La Crosse, Wisconsin dating back to 2002."

This agreement with City Brewing Company is not expected ... More Info

Uzbekistan: BBH’s Sarbast Plus to open brewery in Tashkent in June

The Sarbast Plus joint venture, which is controlled by Baltic Beverages Holding (BBH), is planning to launch production at a brewery in Tashkent in June 2007, a source at Sarbast told Interfax News Agency, March 29.

"We are planning to start production at the start of the season in June," the source said.

The construction of the brewery is in its final stages. "Technological equipment is being installed, and is 80%-85% completed," the company representative said.

The brewery will produce one new local brand in the premium segment to be sold in the country - Sarbast, which was developed with the use of European technologies.

The joint venture is not planning to produce the traditional BBH brands.

BBH and Sarbast Plus set up the Sarbast Plus joint venture in 2006. BBH has a 75.1% stake in the joint venture, while the Uzbek company owns 24.9%.

The new company is building a $59-million brewery in Tashkent. The brewery has projected production capacity of 1 million hectoliters of beer per year.

BBH said beer consumption in Uzbekistan, which has a population of 27 million, averages about ten liters per person per year. The Uzbek beer market has been developing steadily in recent years.

BBH is a joint company of Denmark's ... More Info

China: China Resources Enterprise announced final results for 2006

China Resources Enterprise, Limited announced its final results for the twelve months ended 31 December 2006, in its press release, April 4.

Consolidated turnover was up 21% to another new high of HK$65.4 billion. Profit attributable to the Company’s shareholders rose 25% to a record HK$2,776 million.

Excluding the net-of-tax effect of investment property revaluation and major disposals, which led to aggregate gains of HK$931 million, underlying net profit increased by 30% with strong organic growth across most of company’s operations.

Earnings per share grew 17% to HK$1.19.

The Board of Directors proposed a final dividend of HK$0.26 per share. Together with the interim dividend of HK$0.14 per share and the special dividend of HK$1 per share paid in December 2006 following the disposal of the piped gas and chemical distribution businesses, the full year cash dividend will be HK$1.4 per share. This represents a 268% increase over 2005. The basic dividend payout ratio edged up to 41.1% from 39.2% in 2005.

Retail business reported overall encouraging profitability improvement. Earnings soared 103% to HK$217 million on a 26% turnover growth fuelled by the strong performance of the supermarket operation, which posted a 181% increase in attributable profit to HK$152 million. ... More Info

Barley News
Scandinavia: Barley prices reach highest levels in the history

Malting barley prices reached highest level in newer history, according to Scandinavian Malting Barley report released by H.Abildstrom & Co ApS, April 4.

After a lively February and partly March, demand has cooled off slightly. Old crop is taken up, where and when absolutely needed and Danish parcels with “biased” specifications for protein and germinative energy have found homes. Seems we could be running out of Prestige, while other varieties still sporadically available. New crop traded with record volumes (at this time of the year) probably 65% of the anticipated production.

Sweden has been literally out of the market as sellers this season. Only well treated and separated smaller parcels mainly from South Sweden have been shipped, respectively delivered to domestic maltsters. On the contrary, the Swedes have been very active on crop 2007 and contracted considerably more that usual at this time of the year.

Finland did produce some reasonable qualities but the domestic maltsters to a great extent collected the available material. A few“ordinary” (but high pro) parcels were sold to Russia and Baltic states, while more than 20.000 ts intervention barley went to Russia (where germination was intact: probably mainly to become malted). New crop sales in Finland ... More Info

EU: The impact of the growth of bio-fuels production on malting barley

Jacques Fidelle of JF Consultant reported on the impact of the growth of bio-fuels production on cereals, oilseeds crops and malting barley, during the barley, malt & beer conference organised by Roger Martin International in Budapest on March 28-30.

Bio-fuels represent the new farming outlet. There will be an increased competition for acreage between food, feed and energy crops. The petroleum prices are due to increasingly influence grains and oilseeds markets, agricultural prices are becoming oil driven. In the USA the ethanol production capacities currently operating and underway (i.e. excluding new projects) will already need a corn supply in excess of 100 million tons or one third of the current corn USA yearly production.

In Europe, the 2010 objective of 5,75% incorporation of bio-fuels in road fuel consumption is due to propel the energy crops acreage from today 7% of the arable land up to at least 16%, would this be at all possible. Malting barley users are recommended to pay the right price to the farmer, contract grow and make use of the winter malting barley potential.

Australia: 2006/07 barley pools closed, new pools opened

ABB Grain has closed its 2006/07 No.2 malting and feed barley pools, with a No.3 pool open to receive late deliveries or transfers of warehoused grain, according to company’s news room, April 2.

The No.2 pools closed with gross indicators of $333-$338/t for malting 1 barley and AU$229/t for feed 1 barley. The No.1 pools, which closed on 24 January 2007, have current gross pool indicators of AU$338/t for malting 1 barley and AU$246/t for feed 1 barley.
ABB’s executive manager group marketing, Gary Spiel, said the No. 2 pools were closed to protect the equity of growers who had delivered into them, in line with recent market conditions and expectations.

“What we are seeing at the moment is an expected return to normal production globally, that will see prices coming off. This is likely to occur in the absence of significant adverse weather conditions,” Mr Spiel said.

“New crop northern hemisphere prices are being quoted at a discount to old crop prices, a trend which is also becoming evident in the domestic market. With the potential on-set of normal seasonal rains we may see prices start to decline.

“The recent increase in the exchange rate – today hitting ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3363 April 04, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  212.00  283.50  178.00  238.00 
2RS  Prestige  211.00  282.00  177.00  236.50 
2RS  Cellar  210.00  281.00  176.00  235.50 
2RS  Sebastien  209.00  279.50  175.00  234.00 
2RS  Astoria  209.00  279.50  175.00  234.00 
2RS  Cork   209.00  279.50  174.00  232.50 
6RW  Esterel   181.00  242.00  153.00  204.50 

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

Theoretical malt prices.
  EURO = USD 1.3363 April 04, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  Apr 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  428.00  571.50  450.50  602.00  444.50  594.00  455.00  608.00 
2RS  Prestige  426.50  570.00  449.50  600.50  443.50  592.00  453.50  606.50 
2RS  Cellar  425.50  568.50  448.00  599.00  442.00  590.50  452.50  604.50 
2RS  Sebastien  424.00  566.50  447.00  597.00  440.50  589.00  451.50  603.00 
2RS  Astoria  424.00  566.50  447.00  597.00  440.50  589.00  451.50  603.00 
2RS  Cork   424.00  566.50  447.00  597.00  440.50  589.00  451.50  603.00 
2RS   Average price  425.50  568.50  448.00  599.00  442.00  590.50  452.50  604.50 
6RW  Esterel   388.50  520.50  412.50  551.00  406.50  543.00  417.00  557.00 
*  Asia Malt 70/30  414.50  554.00  437.50  584.50  431.50  576.50  442.00  590.50 
**  Asia Malt 50/50  407.50  544.50  430.50  575.00  424.00  566.50  434.50  581.00 

* - 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

Malt Price Evolution
Prices evolution
Source: E-malt.com (Based on French Malting Barley Prices)

Table of the week

EU Barley Projections

in mln tonnes Average Projections
2002-2006 2007 2010 2013
Production EU-25  55.5  58.8  55.3  56.3 
EU-27    60.6  57.4  58.5 
Use EU-25  49.1  52.5  50.0  48.7 
EU-27    54.0  51.5  50.1 
Imports EU-27  0.4  0.3  0.3  0.3 
Exports EU-27  6.6  6.4  6.8  8.3 
End Stoks EU-27  12.6  14.0  8.7  9.6 
Newsletter SummaryTop
Graph of the week


These Days in Business History
April 2
1850 City of Los Angeles incorporated
1875 Walter P. Chrysler is born in Wamego, Kansas. He goes on to found the Chrysler Corp. as successor corporation to the failing Maxwell Motor Car Co. in 1925 and to buy Dodge Brothers, Inc., in 1928.
1961 The first patent for an integrated circuit is awarded to Fairchild Semiconductor’s Robert Noyce, who later co-founds Intel Corp. with Gordon Moore.

April 3
1783 Sweden and U.S. sign a treaty of Amity and Commerce
1948 The U.S. Congress passes (and Pres. Harry S. Truman immediately signs) the Marshall Plan to finance the reconstruction of Western Europe after the devastation of World War II--helping to keep Communism at bay and laying the groundwork for the global economic boom of the 1950s.
1994 Netscape Communications founded as Mosaic Communications

April 4
1460 University of Basle in Switzerland forms.
1828 Casparus van Wooden patents chocolate milk powder (Amsterdam)
1996 AT&T Corp. spins off 112 million shares of Lucent Technologies Inc. at an initial price of $27 per share, raising $3.02 billion in what is, so far, the biggest IPO of all time.
Agenda
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

June 2007:
Japan-Asia Beer Cup 2007, Tokyo
InterFood Mongolia
IGC Grains Conference 2007 London, England
Great Japan Beer Festival 2007 in Tokyo
Brasil Brau 2007
The International Hop Growers’ Convention(IHGC)
Practical Course on Malt and Malting Barley Canada
The 5th Canadian Barley Symposium & District Western Canada MBAA
Seattle International Beer Festival



More events are available on site e-malt.com
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