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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
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

July 12 - July 15, 2007
Crop 2006
2rs Barley €197.0-199.0
6rw Barley €170.0-172.0
2rs Malt €417.5-419.5
6rw Malt €383.0-385.0
Crop 2007
2rs Barley €246.0-248.0
6rw Barley €217.0-219.0
2rs Malt €458.5-460.5
6rw Malt €422.0-424.0

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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Other e-malt.com newsletters

Last five newsletters
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Newsletter 28a, 2007

See this Newsletter!
Newsletter 27b, 2007

See this Newsletter!
Newsletter 27a, 2007

See this Newsletter!
Newsletter 26b, 2007

See this Newsletter!
Newsletter 26a, 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

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Last five graphs

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Netherlands Beer Production and Export (1990 - 2006)

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Australia Barley Production and Malting Barley Export

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World Beer Production

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EU 2 row Spring Malting Barley production (crop year 2006/07)

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Czech Export of Hops 2006



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 28b
July 12 - July 15, 2007

Quote of the week

"To be successful, you have to have your heart in your business and your business in your heart. "
Thomas John Watson, Sr.


Currency Rates
Base Currency: Euro, EUR
on 13-July-2007

1 EUR = 1.3768 USD
1 EUR = 0.6778 GBP
1 EUR = 1.4478 CAD
1 EUR = 1.5957 AUD
1 EUR = 168.376 JPY
1 EUR = 2.5975 BRL
1 EUR = 35.12 RUB
1 EUR = 10.4307 CNY
Base Currency: US Dollar
on 13-July-2007

1 USD = 0.7264 EUR
1 USD = 0.4922 GBP
1 USD = 1.0516 CAD
1 USD = 1.159 AUD
1 USD = 122.301 JPY
1 USD = 1.8866 BRL
1 USD = 25.5084 RUB
1 USD = 7.5761 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
UK: Summer of floods dampens beer sales... Click here

China: Tsingtao starts production at new Shaanxi Brewery... Click here

USA: Beer prices rise could kill small breweries... Click here

Canada: Suspected tampering in Stella Artois beer... Click here

Belarus: Beer output ups 12.6% in January-May... Click here

Slovakia: Beer market turns decline into growth... Click here

Romania & Republic of Moldova: EU integration pulls Romanian beer out of Moldova... Click here

USA: Solid increase in barley harvest seen... Click here

Czech Republic: 20% less of spring barley will be harvested this year... Click here

Ukraine: Government imposes state control on barley prices... Click here

More News
UK: One third of 2007 barley crop already sold forward ... More Info

Australia: Growers receiving 2006/07 barley deferred pools payment ... More Info

Romania: Ursus shareholders invest 50 mil euros to boost production capacities ... More Info

UK: Marston's acquires Ringwood Brewery Limited for L19.2 million ... More Info

UK: Robust winter feed barley variety is launched ... More Info

Belarus: Syabar Brewing Company doubles beer production in five months ... More Info

UK: SABMiller?s rating "add" ... More Info

USA: Labatt USA opens new headquarters in Buffalo ... More Info

Netherlands: Heineken appoints Group Commerce Director ... More Info

USA: Living Lands & Waters & Anheuser-Busch to clean St. Louis riverfront ... More Info

Australia: ABB recruits specialist to develop regional employment ... More Info

Canada: Brick Brewing secures important packaging and representation agreement ... More Info

USA: Granite City Food & Brewery initiated with ?strong buy? ... More Info

Canada: CWB reports yield potential for feedgrains looks good ... More Info



Brewery News
UK: Summer of floods dampens beer sales

Abnormally bad weather, a lack of sports events and rising interest rates have been blamed for a slump in summer beer sales, Off Licence News reported July 13.

Scottish & Newcastle and InBev UK both reported lower than average sales for June with S&N re cording a 5 per cent decline in the beer market during the first half of the year.

Steve McAllister, managing director of take home at InBev UK, said: "With average temperatures considerably lower than for the same period last year, and with no major summer event such as the 2006 World Cup, the industry has seen an impact on sales during the first part of summer."

However, he said predictions of warmer weather in the second half of the summer could mean a boost to sales.

Steve Parfett, managing director of Parfetts cash and carry, said there was "no doubt" that heavy rain and low temperatures were causing a drop in beer sales at independent retailers.

"In the independent trade, it's absolutely crucial that the weather is good to secure beer sales in the summer ," he said. "That's the way it goes in this sector which is particularly dependent on impulse sales," he said.

Beer sales at one ...
More Info


China: Tsingtao starts production at new Shaanxi Brewery

Chinese brewery, Tsingtao Beer, has put its plant in Yulin, Shaanxi Province into production on July 8, just a couple of days after it laid the foundation of its production base with capacity of 400,000 kiloliters in Chengdu, Sichuan Province in Southwest China, SinoCast reported July 12.

The Yulin brewery in the northern part of the northwestern province has production capacity of 100,000 kiloliters annually, and it is expected to generate sales revenues of CNY 300 million and more than CNY 50 million of profits every year, serving as a new growth point for both Tsingtao Beer and the local economy.

Based on a principle of first taking the market and then building the plant, Tsingtao Beer has established a solid and sustainable mode of development.

The latest-commissioned Yulin brewery will help consolidate Tsingtao Beer's market shares in Shaaxi Province, which will also expand the brewery giant's influence into neighboring markets including those in Shanxi, Henan, Sichuan, Gansu provinces and Ningxia autonomous regions, and therefore it will play an important role for the company to win competitions in central and the western parts of the country.


USA: Beer prices rise could kill small breweries

Summer months are hot for Central Oregon craft-brew sales, but some beer makers worry that cost increases will be a buzz kill for the small, independent brewers, according to The Bulletin, July 13. Large brewers also are feeling the price pinch.

The bottom line: Bottoms up could soon cost consumers more ? roughly 5 percent, or 40 to 60 cents per case of 24 12-ounce containers, distributors guess. Nationally, beer in supermarkets was 3 percent more expensive in May, compared with May 2006, according to the Labor Department, the largest increase in 2 1/2 years. Beer prices in drinking establishments rose 3.8 percent.

Bend?s Deschutes Brewery Restaurant and Pub has already raised its food prices in part to avoid passing costs on to retailers. Come winter, though, beer prices are almost surely expected to rise, industry experts say.

?In the big picture, yes, we are absolutely noticing rising costs nationally for brewers, including craft brewers, who are the small, independently owned (brewers who) use traditional ingredients,? said Julia Herz, spokeswoman for the Brewers Association in Boulder, Colo. ?Small independent brewers are getting pinched from many sides.?

Beer is created using commodities that ebb and flow depending on supply and demand. Nationally, the supply of ...
More Info


Canada: Suspected tampering in Stella Artois beer

The Canadian Food Inspection Agency (CFIA) and Labatt Breweries of Canada are advising the public that some Stella Artois beer bottles may have been tampered with, Canadian Food Inspection Agency announced July 12.

The CFIA was advised of six bottles suspected of being tampered with in which concentrated alcohol was introduced into 330 ml Stella Artois beer bottles bearing the best before end of 11.2005 or 12.2005 and production codes of L32343T and L35243G. These codes have expired and should no longer be in the marketplace. These suspected tampering incidents occurred with beer sold at restaurants and bars in Toronto, Ontario and Kamloops, British Columbia. There are no reported incidents involving products purchased at beer or liquor stores. Stella Artois cans and draft beer are not affected.

There have been some reported reactions of vomiting associated with the consumption of this product.

Consumers are advised to check Stella Artois beer bottles for these best before end and production codes. Bottled beer from these codes, or bottles showing two neck labels glued on top of another, should not be consumed. Restaurants and bars are advised to check Stella Artois beer bottles for the affected best before end and production codes before serving.

The CFIA and ...
More Info


Belarus: Beer output ups 12.6% in January-May

Belarus produced 13.557 million dl of beer in January-May 2007, up 12.6% compared to the same period of 2006, Belgospishcheprom, the Belarusian state food concern, told Interfax, June 22.

Increased production is linked to a rise in consumption and higher production capacity at various companies, a Belgospishcheprom spokesman said.

Over half of the beer produced in January-May came from the Krinitsa and Olivaria breweries, which produced 5.8 million dl (down 4%).

The Syabar brewery produced 2.291 million dal of beer, twice as much as last year, Lidskoye Pivo produced 1.542 million dal, up 20.7%, Brestkoye Pivo produced 1.045 million dal, up 12.7%, and Rechitsapivo produced 1 million dl, up 5.8%.

Belarus produced 72.2% of its beer in PET bottles - 7.78 million dl. Beer in glass bottles totalled 2.99 million dal, beer in kegs ? 646 thousand dal and canned beer ? 132,000 dl.

Belarus has 12 breweries with combined capacity to produce 488 million dl of beer annually.

Belarus produced 332 million dl of beer in 2006, up 22.2%.


Slovakia: Beer market turns decline into growth

The leader on the Slovak beer market, Hurbanovo-based brewery Heineken Slovensko, reported an annual 10 percent increase in beer sales in the first half of this year, selling more than 875,000 hectoliters of beer, Slovak Spectator published July 12.

This was part of the Slovak beer market?s 6 percent sales growth in H1 2007, Roman Krajniak of Heineken told the SITA newswire.

?Heineken increased its market share in each of the first six months of 2007, reaching 41.5 percent in late June," Krajniak said.

The Slovak beer market has fallen behind in the lastseveral years, but started stabilizing in H2 2006. "The first half of 2007 has also confirmed we?re returning from the negative territory of the last few years," Krajniak said.


Romania & Republic of Moldova: EU integration pulls Romanian beer out of Moldova

The producers of Tuborg, Carlsberg and Neumarkt beer brands have ended beer exports to the Republic of Moldova, as a result of new customs regulations, which stipulate that a tax of 25 euros per hectolitre of beer must be levied, Ziarul Financiar published July 13.

Before Romania's integration into the European Union, there were no customs duties between the two states. Following the introduction of these duties, Bere Mures will lose around 600,000 euros a year, given that exports to Moldova accounted for about 1-2% of the producer's turnover, which stood at 60m euros in 2006. "Currently, the customs duties paid at the border with Moldova stand at 25 euros per hectolitre of beer.

Following the enforcement of these customs duties, since the end of 2006 we have decided to redirect Tuborg and Carlsberg exports to Russia. Romania continues to export Skol beer to the Republic of Moldova," said Shachar Shaine, president of URBB.

Barley News
USA: Solid increase in barley harvest seen

This year's U.S. barley crop is expected to up around 231 million bushels, 28% above 2006 and 9% higher than 2005, according to the latest USDA crop production estimates, SNS reported July 12.

Based on conditions as of July 1, the average yield for the U.S. is forecast at 65.2 bushels per acre, up 4.2 bushels from last year. Expected area to be harvested as grain or seed, at 3.54 million acres, is up 20% from 2006. Production is expected to be up in all of this year's top seven producing States.

North Dakota's production forecast, at 82.4 million bushels, is 69% above last year and 44% higher than 2005. If realized, the barley yield in North Dakota will be the third highest on record. In Idaho and Montana, expected production is up 5 and 27%, respectively, from last year.


Czech Republic: 20% less of spring barley will be harvested this year

The Czech Statistical Office CSU said this year's grain harvest will be about 5.8 percent higher than last year, according to CTK, July 11.

In their first estimate of 2007 harvest as of June 20, statisticians put the grain harvest at 6.102 million tonnes.

About 1.21 million tonnes of spring barley, the second most widely grown arable crop, will be harvested this year, a fall of 20 percent on the year, which statisticians blamed on a drop in the sowing area by 13.3 percent and a 7.6 percent fall of the per hectare yield to 3.28 tonnes on average.

Total barley production, including wheat barley, will decrease by 7.5 percent to 1.75 million tonnes.

Miroslav Jirovsky, chairman of the Agricultural Association, said the grain harvest projection is an average one. Taking into account the construction of facilities to produce biofuels, demand can be higher than supply. Grain prices, now higher than a year ago, should not go down after the harvest, as it happened in the past, said Jirovsky.


Ukraine: Government imposes state control on barley prices

The Ukrainian Cabinet of Ministers has included barley in a list of commodities subject to state price regulation, which will make it possible for the Agriculture Ministry to set limit prices for these kinds of grain, AgroBel reported June 28.

A corresponding decision was passed by the government at a meeting on June 26, Agriculture Policy Minister Yuriy Melnyk told reporters.

"The Cabinet has passed the list [on commodities subject to state price regulation], and now it is the Agriculture Ministry's prerogative to calculate floor and ceiling prices. We'll issue an order to enforce the prices," he said.

The minister said that the level of prices might be passed within the week.

Melnyk said this decision was made because of possible purchases of this crop for the state food reserve. The gross [barley] harvest will be considerably less than last year's, appropriate actions are needed, he said.

The Ukrainian government previously retained state price regulations for the 2007-2008 marketing year on wheat, rye and sugar.

Later, a government commission on agricultural issues proposed including corn, barley, sunflower seeds, meat, dry milk and butter in the list of commodities subject to state price regulation by making amendments to the law on state support to Ukrainian agriculture.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.3768 July 13, 2007 
 Crop year   2006   2007 
 Parity   FOB Creil   FOB Creil 
 Position   July 2006   July 2007 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  200.00  275.50  249.00  343.00 
2RS  Prestige  199.00  274.00  248.00  341.50 
2RS  Cellar  198.00  273.00  247.00  340.50 
2RS  Sebastien  197.00  271.50  246.00  339.00 
2RS  Astoria  197.00  271.50  246.00  339.00 
2RS  Cork   197.00  271.50  246.00  339.00 
6RW  Esterel   171.00  235.50  218.00  300.50 

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

Theoretical malt prices.
  EURO = USD 1.3768 July 13, 2007 
Crop year  2006 
Parity  FOB Antwerp 
Position  July 2007-Sept 2007 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  421.00  579.50  443.50  610.50  437.50  602.00  448.00  616.50 
2RS  Prestige  419.50  577.50  442.50  609.00  436.00  600.50  446.50  615.00 
2RS  Cellar  418.50  576.00  441.00  607.50  435.00  598.50  445.50  613.50 
2RS  Sebastien  417.00  574.50  440.00  605.50  433.50  597.00  444.50  611.50 
2RS  Astoria  417.00  574.50  440.00  605.50  433.50  597.00  444.50  611.50 
2RS  Cork   417.00  574.50  440.00  605.50  433.50  597.00  444.50  611.50 
2RS   Average price  418.50  576.00  441.00  607.50  435.00  598.50  445.50  613.50 
6RW  Esterel   384.00  530.50  408.00  561.50  401.50  553.00  412.50  567.50 
Asia Malt 70/30  408.50  562.50  431.00  593.50  425.00  585.00  435.50  599.50 
**  Asia Malt 50/50  401.50  553.00  424.50  584.50  418.50  576.00  429.00  590.50 


  EURO = USD 1.3768 July 13, 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  462.00  636.00  484.50  667.50  478.50  658.50  489.00  673.50 
2RS  Prestige  460.50  634.50  483.50  665.50  477.50  657.00  488.00  671.50 
2RS  Cellar  459.50  632.50  482.50  664.00  476.00  655.50  486.50  670.00 
2RS  Sebastien  458.50  631.00  481.00  662.50  475.00  653.50  485.50  668.50 
2RS  Astoria  458.50  631.00  481.00  662.50  475.00  653.50  485.50  668.50 
2RS  Cork   458.50  631.00  481.00  662.50  475.00  653.50  485.50  668.50 
2RS   Average price  459.50  632.50  482.50  664.00  476.00  655.50  486.50  670.00 
6RW  Esterel   423.00  583.50  446.50  614.50  440.50  606.50  451.00  620.50 
Asia Malt 70/30  448.50  618.00  197.50  649.00  191.50  640.50  202.00  655.00 
**  Asia Malt 50/50  441.50  608.00  197.50  639.50  191.50  630.50  202.00  645.50 

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


Australian Barley Supply and Disposal 2001 - 2008f
in thousand tonnes 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007e 2006-2007f
Production 8 280 3 865 10 382 7 740 9 563 3 722 9 051
   Domestic use 2 535 2 016 2 476 2 685 2 755 3 153 2 965
   as malt and other human use 161 165 168 172 176 166 170
   feed 2 200 1 650 2 100 2 300 2 400 2 784 2 600
   seed 174 201 208 213 180 203 195
 Exports  5 274 2 608 6 996 4 862 5 916 2 664 6 205
   as malting barley 1 705 1 099 2 135 1 464 2 067 992 1 736
   malt (grain equivalent) 600 624 624 601 660 627 658
   feed barley 2 971 885 4 241 2 798 3 191 798 3 749
s - ABARE estimated, f-ABARE forecast. Source - ABARE June, 2007
Newsletter SummaryTop

Graph of the week


These Days in Business History
12 July
1793 - The world's first optical telecommunications network is launched.
1854 - George Eastman is born, future founder of “Kodak”.
1859 - Paper bag manufacturing machine patents by William Goodale, Massachusetts.

13 July
1568 - Dean of St. Paul's Cathedral perfects a way to bottle beer.
1852 - Wells, Fargo & Co. is founded by Henry Wells and William G. Fargo.
1898 - Guglielmo Marconi patents radio.

14 July
1850 - 1st public demonstration of ice made by refrigeration.
1857 - Maytag invented the washing machine.
1959 - 1st atomic powered cruiser, Long Beach, Quincy Massachusetts.

15 July
1783 - 1st steamboat, Pyroscaphe, 1st run in France.
1869 - Margarine is patented in France by Hippolyte Mege Mouries of Paris.
1954 - The first commercial jet transport airplane built in US is tested (Boeing 707).

Agenda
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


November 2007:
The International Hop Growers' Convention (IHGC) Meetings, Germany
International convention for the drink technology and PET industry, India

More events are available on site e-malt.com

Copyright © E-Malt s.a. 2007