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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
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend
May 03 - May 06, 2007
Crop 2006
2rs Barley €204.0-206.0
6rw Barley €174.0-176.0
2rs Malt €425.0-427.0
6rw Malt €387.0-389.0
Crop 2007
2rs Barley €196.0-198.0
6rw Barley €172.0-174.0
2rs Malt €394.0-396.0
6rw Malt €363.5-365.5

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 . The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.

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Other e-malt.com newsletters
Last five newsletters
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Newsletter 18a, 2007
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Newsletter 17b, 2007
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Newsletter 17a, 2006
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Newsletter 16b, 2007
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Newsletter 16a, 2007

Market price evolutions

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Thailand Beer Sales (1991 - 2006)
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Australia Barley Production and Malting Barley Exports (1997 - 2007f)
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Per capita Beer Consumption in Eastern Europe 2006e
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Ukraine Barley Production and Export
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China Beer Production

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 18b
May 03 - May 06, 2007
Quote of the week

"Beer, if drunk in moderation, softens the temper, cheers the spirit and promotes health."
Thomas Jefferson


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

1 EUR = 1.3591 USD
1 EUR = 0.683 GBP
1 EUR = 1.5059 CAD
1 EUR = 1.6488 AUD
1 EUR = 163.385 JPY
1 EUR = 2.7495 BRL
1 EUR = 34.9987 RUB
1 EUR = 10.4858 CNY
 Base Currency: US Dollar
on 04-May-2007

1 USD = 0.7359 EUR
1 USD = 0.5025 GBP
1 USD = 1.108 CAD
1 USD = 1.213 AUD
1 USD = 120.223 JPY
1 USD = 2.0231 BRL
1 USD = 25.7522 RUB
1 USD = 7.7155 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
USA: Craft beer varieties are outpacing Bud Light, Miller Lite, wine and spirits... Click here

Mexico: Modelo’s 1st quarter net profit up 21%... Click here

Singapore: Asia Pacific Breweries announces new appointments in its senior management team... Click here

Costa Rica: SABMiller wraps up Pepsi sales to improve beer’s image in the region... Click here

Romania: URBB invests 1 mil euros to promote Holstein... Click here

Belgium: InBev’s Hoegaarden white beer in short supply... Click here

East Africa: East African Breweries wants to increase market share for Guinness till 60%... Click here

Denmark, Sweden & Finland: 2007 barley gained 20 Euros per ton... Click here

More News
Romania: Bere Azuga announces a 81 times higher profit for 2006 year-on-year ... More Info

Peru: An important market for Canadian barley exports ... More Info

Colombia: Antitrust probe launched against SABMiller ... More Info

USA: Judge approved Pittsburgh Brewing plan, creditors must now vote ... More Info

Russia: Baltika announces staff changes in the structure of sales subdivisions ... More Info

USA: Granite City Food & Brewery Ltd. reports financial results for the 1st quarter of 2007 ... More Info

UK: Adnams brewery gets top environmental award on climate change ... More Info

Ukraine: Barley prices continue to grow ... More Info

Romania: Elimination of customs duties triples BDG's business ... More Info

UK: Scottish & Newcastle upgraded to ‘buy’ ... More Info

USA: Anheuser-Busch refreshes Bud.TV ... More Info

USA: United States Beverage acquires Estrella Damm Beers ... More Info



Brewery News
USA: Craft beer varieties are outpacing Bud Light, Miller Lite, wine and spirits

Fuller-flavored "craft" varieties, once shunted aside, have now become the brewing industry's healthiest segment, outpacing Bud Light, Miller Lite, wine and spirits with a 17.8 percent increase in supermarket sales last year, according to Information Resources Inc., Star Telegram published May 4.

Their growth in recent years has prompted the typically small, independent craft brewers to bring out more brands, including seasonal ones, and expand their territories. North Coast Brewing Co. of Fort Bragg, Calif., for instance, has found a market in Scandinavia.

The big industrial brewers Anheuser-Busch, Coors and SABMiller, stung by stagnating sales of their top brands, are responding by investing in their tinier rivals, creating their own craftlike brews and importing more brands.

For beer enthusiasts, it means more choice.

Hall's Grocery in Colleyville carries more than 650 beers and claims to have the state's biggest selection. Central Market in Fort Worth and United Market Street in Colleyville each offer more than 300 brands. Bars such as the Flying Saucer and the Ginger Man offer dozens of draft beers.

"The competition for the big brewers now is over who gets to be next to the craft beers in the supermarket coolers," said Paul Gatza, director of the Brewers Association, a Boulder, Colo., ... More Info

Mexico: Modelo’s 1st quarter net profit up 21%

Mexican brewer Modelo, maker of the popular beer Corona, posted a 21 percent rise in first-quarter net profit after domestic sales rose smartly, Reuters reported May 2.

Modelo said on Wednesday its January-March net was 2.396 billion pesos ($217 million), up from 1.978 billion pesos a year earlier.

Revenue rose 24 percent to 16.125 billion pesos, as domestic sales volumes rose 4.5 percent in the quarter from a year ago.

Export volumes, mainly to the United States, fell 3.9 percent in the first quarter. Modelo said the decline was due to buyers building up inventories in the fourth quarter.

Shares of Modelo, half owned by U.S. brewer Anheuser Busch Cos Inc. (BUD.N: Quote, Profile , Research), ended Wednesday up 3.23 percent at 57.78 pesos, close to 12 month highs.

Singapore: Asia Pacific Breweries announces new appointments in its senior management team

Asia Pacific Breweries Ltd is pleased to announce, on May 4, the following changes in its senior management team with effect from 1 July 2007:

Dr Les Buckley, 46, will focus on his role as Regional Director, Southeast Asia/Oceania; a role which he has undertaken since December 2006 and relinquish his responsibilities as Director, Group Commercial. As Regional Director, Dr Buckley will be responsible for the profitability of key business units and business development activities in Malaysia, New Zealand, Papua New Guinea and Mongolia. Dr Buckley has been with the Group since 1989.

Edmond Neo, 42, who is currently the General Manager of Asia Pacific Breweries Lanka Ltd, will be taking on the position of General Manager, Group Commercial. He will be responsible for the brand development of all the Group’s brands globally including its flagship brand, Tiger, as well as Anchor, ABC Stout and Baron’s Strong Brew. Mr Neo possesses extensive experience in regional marketing and commercial operations, having spent several of his 15 years in the Group working in its breweries in Singapore, New Zealand, Cambodia and Sri Lanka.

James Wong, 44, currently General Manager, Tiger Export Pte Ltd and responsible for all export markets for Tiger, will, ... More Info

Costa Rica: SABMiller wraps up Pepsi sales to improve beer’s image in the region

Brewing giant SABMiller has wrapped up the sale of its Costa Rican Pepsi franchise as it neared the end of a housekeeping process at its Latin American acquisition, Bavaria, Business Day published May 3.

SABMiller sold its Pepsi bottling operations in Costa Rica to Cerveceria Costa Rica, a subsidiary of Florida Ice and Farm Company. The brewer acquired the Pepsi operation when it bought Bavaria for $7,8bn in 2005, which provided it with access to Colombia, Peru, Ecuador and Panama.

Spokesman Nigel Fairbrass said the group disposed of the Pepsi operation as part of a tidy-up campaign to sell noncore assets it inherited in 2005. The group was focusing on improving beer’s image and on entrenching its portfolio in the region.

SABMiller, which posted revenue of $15,3bn in its past year, operates in more than 60 countries on six continents. Macquarie research head Julian Wentzel said Latin America was expected to contribute a quarter to SABMiller's earnings before interest, tax and amortisation when it presented its results this month.

Fairbrass said the company was well into integrating the acquisition and was focusing on the four countries where it had gained a foothold as a result of the Bavaria transaction. SABMiller ... More Info

Romania: URBB invests 1 mil euros to promote Holstein

United Romanian Breweries Bereprod (URBB), the producer of Tuborg and Skol, this year will invest one million euros in promoting the Holsten beer brand, Ziarul Financiar published April 18.

The investment will help sustain the company's growth in sales and consolidate the position of the brand on the market. "In 2006, Holsten witnessed a 70-75% increase in terms of the volume of sales against 2005, to more than 100,000 hectolitres. This year we hope our volume of sales will increase by 50% against 2006, and exceed 150,000 hectolitres," stated Shachar Shaine, chairman of URBB. According to the URBB's chairman, Holsten's volume of sales increased 10% in the first three months of 2007 alone, against the same period last year.

Holsten, a brand positioned on the premium segment of the beer market, was taken over by Carlsberg in 2004, entering URBB's portfolio in the summer of 2005. Romania was the first country, after Germany, to be granted a licence to produce it. "We saw that there was room in our portfolio for Holsten, and decided to take over the brand," said Shaine. Holsten accounts for 10% of the premium beer segment and for 1% of the whole beer market, with the majority ... More Info

Belgium: InBev’s Hoegaarden white beer in short supply

The supplies of InBev’s Hoegaarden's white beer have completely dried up at supermarkets Delhaize and Carrefour and at many bars and pubs throughout the country, Expatica News reported May 4.

Not because the beer has been selling so fast, but because InBev is struggling with brewing and packaging problems with Flanders' most popular beer on the terraces.

The unions say moving production of the beer to the Walloon location of Jupille has caused the problems. "The beer they produce there often has to be thrown out because it is not at all fit for consumption. So a lot of the white beer coming from Jupille is being shipped to the Netherlands to be made into pig feed. It really is a crisis," the unions say.

InBev says that a "local" problem with packaging is responsible for the shortage. "We are indeed having difficulties making capacity, but that has nothing to do with any brewing problems in Jupille," says spokesperson Lian Verhoeven.

East Africa: East African Breweries wants to increase market share for Guinness till 60%

Guinness beer, a brand of East African Breweries Ltd (EABL) is pushing for 60% market share volumes by year end, Allafrica reported April 30.

The company early in April 2007 launched a new generation of communication dubbed 'Greatness' last month to further popularise the beer with origins in Ireland among drinkers in Africa.

Ms. Hazel Twesigye, the Guinness brand manager said that her company had moved away from using an extra ordinary man, Michael Powers as an icon to an every day man who, they believed has a drop of 'Greatness' in them.

"We expect to grow our market volumes by about 60%. We are also aware that our volumes will not just grow over night but we believe Greatness will address that," Twesigye said in an interview with one of the local dailies last week.

Uganda Breweries Ltd (UBL), a subsidiary of EABL bottles the Guinness brand in Uganda where over Ush340 million (US$197,101) will spent in media campaigns.

The lucrative beer industry in Uganda is dominated by UBL in Jinja (eastern Uganda) and Nile Breweries Ltd, who both fall among the top tax payers in the country.

To bolster market position in the competitive and very loyal Ugandan beer drinking circles, Guinness has taken ... More Info

Barley News
Denmark, Sweden & Finland: 2007 barley gained 20 Euros per ton

In spite of above low moisture scenario the fields are in perfect condition in Sweden and Denmark, according to Scandinavian Malting Barley market report of Abildstrom & Co Aps, May 3. The whole region has rather low temperatures now, no wind and extremely high dew/condensation in the morning. All reasons to believe root-system progressing satisfactorily and evaporation very low. Finland had one warm summer-day, thereafter cooling off and blessed with snow only last week-end. Spring sowing of malting barley expected commence in volume as from Saturday/Sunday when weather is looking comfortable and seed beds after rain inviting with prime conditions. Sowing as from week 18 is quite normal for major part of Finland.

MARKET

Crop 2007 barley gained well above 20 € per ton. The rally as we see it was driven by several bullish factors arising simultaneously:

1) Brewers entered malt market for volumes.
2) Maltsters must cover barley right away and entered barley market.
3) Unfortunately they went bang-on into a bad French/German weather forecast.
4) French and German collectors “overreacted” and commenced some wash-outs at scale-up levels, probably and mainly because a huge volume of malting barley has been sold on pre- and frame contracts. Crop 2007 is needed in tons and ... More Info


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3591 May 04, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  207.00  281.50  199.00  270.50 
2RS  Prestige  206.00  280.00  198.00  269.50 
2RS  Cellar  205.00  279.00  197.00  268.00 
2RS  Sebastien  204.00  277.50  196.00  266.50 
2RS  Astoria  204.00  277.50  196.00  266.50 
2RS  Cork   204.00  277.50  196.00  266.50 
6RW  Esterel   175.00  238.00  173.00  235.50 

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

Theoretical malt prices.
  EURO = USD 1.3591 May 04, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  May 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  582.00  451.00  613.00  445.00  604.50  455.50  619.00 
2RS  Prestige  427.00  580.50  450.00  611.50  443.50  603.00  454.00  617.50 
2RS  Cellar  426.00  578.50  448.50  609.50  442.50  601.00  453.00  615.50 
2RS  Sebastien  424.50  577.00  447.50  608.00  441.00  599.50  451.50  614.00 
2RS  Astoria  424.50  577.00  447.50  608.00  441.00  599.50  451.50  614.00 
2RS  Cork   424.50  577.00  447.50  608.00  441.00  599.50  451.50  614.00 
2RS   Average price  426.00  578.50  448.50  609.50  442.50  601.00  453.00  615.50 
6RW  Esterel   388.00  528.50  411.50  559.50  405.50  551.00  416.00  565.50 
*  Asia Malt 70/30  414.50  563.50  437.50  594.50  431.50  586.00  442.00  600.50 
**  Asia Malt 50/50  407.50  553.50  430.00  584.50  424.00  576.00  434.50  590.50 


  EURO = USD 1.3591 May 04, 2007 
Crop year  2007 
Parity  FOB Antwerp 
Position  Oct 2007-Sept 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  397.50  540.00  420.50  571.00  414.00  562.50  424.50  577.00 
2RS  Prestige  396.50  538.50  419.00  569.50  412.50  561.00  423.50  575.50 
2RS  Cellar  395.00  536.50  417.50  567.50  411.50  559.50  422.00  573.50 
2RS  Sebastien  393.50  535.00  416.50  566.00  410.50  557.50  421.00  572.00 
2RS  Astoria  393.50  535.00  416.50  566.00  410.50  557.50  421.00  572.00 
2RS  Cork   393.50  535.00  416.50  566.00  410.50  557.50  421.00  572.00 
2RS   Average price  395.00  536.50  417.50  567.50  411.50  559.50  422.00  573.50 
6RW  Esterel   364.50  496.50  388.50  527.50  382.00  519.00  392.50  533.50 
*  Asia Malt 70/30  386.00  524.50  196.50  555.50  190.50  547.50  201.00  561.50 
**  Asia Malt 50/50  380.50  516.50  196.50  547.50  190.50  539.50  201.00  553.50 

NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Table of the week

Canada Barley Supply and Disposition

  2004 - 2005 2005 - 2006 2006 - 2007f 2007 - 2008f
  Seaded area,
'000 ha		 4,678  4,440  3,861  4,380 
  Harvested area,
'000 ha		 4,050  3,889  3,362  3,910 
  Yield,
tonne/ha 		 3.26  3.21  2.98  3.07 
  Production,
'000  metric tonnes		 13,186  12,481  10,005  12,000 
  Imports,
'000 metric tonnes		 83  46  40  35 
  Total Supply,
'000 metric tonnes		 15,371  15,962  13,333  13,635 
  Exports,
'000 metric tonnes 		 1,975  2,975  2,150  2,300 
  Food & Industry Use,
'000 metric tonnes		 268  167  260  300 
  Feed, Waste, Dockage,
'000 metric tonnes		 9,417  9,192  8,908  8,930 
  Total Domestic Use,
'000 metric tonnes		 10,073  9,698  9,583  9,635 
  Carry-out Stocks,
'000 metric tonnes		 3,435  3,289  1,600  1,700 
  Average Price,
CA$/tonne		 112  110  155-175  150-170 


f: forecast, Agriculture and Agri-Food Canada, April, 2007
Newsletter SummaryTop
Graph of the week


These Days in Business History
May 3
1830 1st regular steam train passenger service starts
1919 America's 1st passenger flight (New York - Atlantic City)
1965 1st use of satellite TV, Early Bird Satellite

May 4
1626 Indians sell Manhattan Island for $24 in cloth and buttons
1878 Phonograph shown for 1st time at Grand Opera House
1979 The first modern leveraged buyout using high-yield junk bonds -- a $381 million deal to take Houdaille Industries private -- is completed by Kohlberg, Kravis, Roberts & Co.

May 5
1715 French manufacturer debuts 1st folding umbrella (Paris)
1921 Miniature newspaper published (Brighton Gazette 10 x 13 cm)
1949 Council of Europe forms

May 6
1851 San Francisco Chamber of Commerce starts
1889 Universal Exposition opens in Paris, Eiffel Tower completed
1927 Academy of Motion Picture Arts and Sciences forms
Agenda
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

July 2007:
Olesummer Festival 2007
Portland International Beer Festival
51 Congress of The International Hop Growers Convention

August 2007:
Qingdao International Beer Festival, China
International Berlin Beer Festival
Great British Beer Festival
1st International Brewers Symposium Hop Flavor and Aroma
Great Japan Beer Festival 2007 in Osaka
Brew Drinks China 2007
The 13th Australian Barley Technical Symposium, Australia

September 2007:
Belgian Beer Weekend
Great Canadian Beer Festival
Great British Beer Festival
WBA Associate in Brewing Technology Program in Chicago
WBA International Diploma in Brewing Technology Program Chicago & Munich Campuses
WorldFood Moscow

October 2007:
The International Brewing Convention 2007 , UK
Newport International Oktoberfest, USA
World Beer Festival Durham , USA
Tasting Australia
2007 Master Brewers Association of the Americas Convention



More events are available on site e-malt.com
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