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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Barley news
Hops news
More news
Scientific Digest
Theoretical malt prices
Malting barley prices
Price evolution
Table of the week
Graph of the week
On These Days
Agenda
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Average market prices
Change trend

September 21, 2007
Crop 2007
2rs Barley €322.0-324.0 0.62%
6rw Barley €293.0-295.0 0.68%
2rs Malt €559.5-561.5 0.36%
6rw Malt €523.0-525.0 0.48%
Crop 2008
2rs Barley €277.0-279.0 0.71%
6rw Barley €247.0-249.0 0.40%
2rs Malt €501.5-503.5 0.40%
6rw Malt €463.5-465.5 0.32%

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
See this Newsletter!
Newsletter 38a, 2007

See this Newsletter!
Newsletter 37b, 2007

See this Newsletter!
Newsletter 37a, 2007

See this Newsletter!
Newsletter 36b, 2007

See this Newsletter!
Newsletter 36a, 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

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Chinese Barley Consumption, Production and Imports 1997/98-2007/08f

Open
Philippine Beer production (1991 - 2006)

Open
UK Barley Exports by Seasons

Open
Mexico Beer Production

Open
EU Malt Export Licence Fixations (1995/1996 - 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 38b
September 20 - September 23, 2007

Quote of the week

"You must make a habit of thinking in terms of a defined objective."

John Henry Patterson


Currency Rates
Base Currency: Euro, EUR
on 21-September-2007

1 EUR = 1.402 USD
1 EUR = 0.6992 GBP
1 EUR = 1.4146 CAD
1 EUR = 1.629 AUD
1 EUR = 161.795 JPY
1 EUR = 2.6142 BRL
1 EUR = 35.2006 RUB
1 EUR = 10.5482 CNY
Base Currency: US Dollar
on 21-September-2007

1 USD = 0.7133 EUR
1 USD = 0.4987 GBP
1 USD = 1.009 CAD
1 USD = 1.1619 AUD
1 USD = 115.404 JPY
1 USD = 1.8646 BRL
1 USD = 25.1072 RUB
1 USD = 7.5237 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Australia: Lion Nathan says premium beers growing... Click here

China: Chinese Snow Beer on course to be World's second biggest beer, behind Budweiser... Click here

Laos: Lao Brewery delays export plans... Click here

Belgium: InBev denies rumors it is to spin off Diebels, Gilde, Loewenbraeu brands... Click here

Bulgaria: Ariana Beer - 9th fastest growing beer in the World... Click here

South Africa: Unusual demand for beer is responsible for shortages... Click here

Romania: Tuborg summer sales reached 40 mil euros, almost half last year's turnover... Click here

USA: Tightening supplies push barley export sales to triple last year... Click here

Czech Republic: Hop production down in 2007... Click here

More News
Romania: United Romanian Breweries Bereprod enjoys expansion ... More Info

South Korea: InBev to recruit young Koreans ... More Info

Belgium: InBev unhappy with Stella advert ban ... More Info

India: United Breweries shoots up smartly ... More Info

Tanzania: Tanzania Breweries warns about false company representatives ... More Info

Romania: Heineken sees sales up 36% in H1 ... More Info

USA: Indians seek Budweiser's help in fighting alcoholism ... More Info

Canada: Big Rock Brewery Income Trust announces monthly distribution ... More Info

New Zeeland: Tui Brewery offering big boys playground ... More Info

USA: Boston Beer pays $6 mil for more than 52 acres in Freetown ... More Info



Brewery News
Australia: Lion Nathan says premium beers growing

Lion Nathan Ltd, Australia's second-largest brewer, said premium and mid-strength beer volumes were continuing to outperform mainstream beers, according to Reuters, September 20.

Volume growth for traditional, mainstream beers has also steadied.

"In the last 12 months generally, it has been more stable than it has been in the last number of years," Reeves said.

"Boutique" and mid-strength beers have been steadily gaining share in Australia's A$5.5 billion ($4.7 billion) beer market, posting 12 percent annual sales growth compared with 6 percent for mainstream beers, according to recent industry figures.

Lion Nathan's beer brands include Tooheys, Tooheys New, Hahn Premium and Hahn Premium Light, Becks and Heineken. It also has a smaller wine business, with brands including Petaluma and Banksia.

Hundreds of small "boutique" or craft breweries with names like Little Creatures and Blue Tongue are aiming to rival small European makers, turning Australians away from traditional lagers and on to more complex beer styles.

Reeves said consumers are enjoying greatly expanded choice in beer, citing industry figures that brands have grown from 500 a few years ago to close to 900 now.

The trend towards premium beers has also been underpinning profits for Lion Nathan and larger rival Fosters Group Ltd , since the premium brands ...
More Info


China: Chinese Snow Beer on course to be World's second biggest beer, behind Budweiser

Snow, the Chinese beer brand partly owned by London-based brewer SABMiller, is set to become the number-two beer brand in the world this year, SABMiller said, citing industry data, according to The Associated Press, September 20.

Snow is the main national brand of CR Snow Breweries, SABMiller's 49 percent-owned joint venture with China Resources Group Ltd., which became the number-four brand in the world in 2006, with 3 billion liters sold, according to beverage research specialist Canadean. In the first six months of 2007, Snow sold 2.3 billion liters, up 77 percent on the year.

If it maintains this rate of growth, it should easily overtake Belgian beer producer InBev's Skol to become the second largest brand in the world by volume, behind Anheuser-Busch Cos Inc.'s Budweiser. It would also overtake Corona -- owned by Mexico's Grupo Modelo SAB. De C.V. -- which itself is 50 percent-owned by Anheuser-Busch.

Even with no growth in the second half, Snow would still sell 4 billion liters, compared with second-placed Skol's 3.6 billion liters in 2006.

Thanks to SABMiller's share of the Chinese joint venture, there is also a chance SABMiller could surpass InBev as the world's largest brewer, the company said.

Snow is China's leading beer ...
More Info


Laos: Lao Brewery delays export plans

Lao Brewery Co's plans to flood Thailand with its popular Beer Lao next year have been put on hold until 2011, a senior executive said, DPA reported September 20. Lao Brewery, one of little Laos' biggest companies, has invested 25 million dollars in an expansion project in southern Laos aimed at exploiting the export market, specifically neighbouring Thailand, under the ASEAN Free Trade Agreement, which goes into effect in 2008 for the 10-country Association of South-East Asian Nations.

But the government of Laos and Thailand recently decided that beer was too sensitive a product to be tariff-free in their respective markets.

"Both governments decided to keep the tariffs on beer until 2011," said Sounthone Phommachak, senior deputy managing director of the Lao Brewery Co. "Each country is still trying to protect their own beer market."

Lao Brewery, a joint venture between the Lao government and Denmark's Carlberg, is to open a new plant in Pakse in southern Laos at the end of this year with an initial annual capacity for 50 million litres of beer.

The 25-million-dollar project was originally planned to tap the beer market of neighbouring Thailand, but now it is to focus on satisfying the growing local demand ...
More Info


Belgium: InBev denies rumors it is to spin off Diebels, Gilde, Loewenbraeu brands

Belgian brewing giant InBev SA denied rumours it plans to divest of its German Diebels, Gilde and Loewenbraeu beer brands, saying that it continues to see them as an important part of its strategy, Thomson Financial reported September 20.

The company said in a statement: "InBev Germany has a successful and attractive portfolio on the German beer market." It added: "The strong and well-known regional brands Gilde, Loewenbraeu and Diebels continue to belong to InBev's current strategy." The brewer said it plans to brew the Beck's brand alongside existing products in all breweries outside Bremen due to high domestic and international demand.

The statement followed reports that employees at the breweries producing Diebels, Gilde and Loewenbraeu are worried that Inbev may decide to sell the breweries in order to focus on its core brands Beck's and Franziskaner.


Bulgaria: Ariana Beer - 9th fastest growing beer in the World

Bulgarian ‘Ariana' beer is in top 10 of world fastest growing trade mark beers, according to the competent Britain research of ‘Plato Logic Limited' company, Bulgarian news reported September 20.

This was informed by ‘Zagorka' brewery, which possesses the beer works in Sofia. We remind you that Zagorka is part of the chain of ‘Heineken' company.

Ariana is the only one Bulgarian beer that is on the British classification for fastest growing beer.

Its growth of 40% for the period 2001-2006, Ariana marks development speed, compatible to beer marks sold on the Russian and Chinese markets.

‘Plato Logic International Groups Datasheets' research concerns 1997-2006 and analyzes data for 22 international brewery companies and their subdivisions.


South Africa: Unusual demand for beer is responsible for shortages

South African Breweries (SAB) says in the quarter to June, volume sales grew 4% and now unusual demand is partly responsible for intermittent shortages, Business Day reported September 21. SA is not known as a high beer per capita country, consuming 55l a person a year. The Czechs, however, down about 160l a year, and the Germans about 125l.

Locally, warmer weather and sporting events may well have contributed to the increase in demand. There has also been the suggestion that drinkers are moving from wine to beer.

Then there is also the absence of rival Amstel during SAB's first quarter, as cans re-entered SA only in July. Bottles, by far the bulk of sales, should be back by the end of the month.

So, did Amstel's absence from SAB's portfolio harm or aid it? The jury is still out, but one market commentator points out that the only premium beers on shelves that were not from SAB from March to June were Heineken and Windhoek.

So, either SAB benefited anyway and its next set of numbers will not show such huge volume growth, or Amstel drinkers all drank either Heineken or Windhoek and the net volume gain is actually higher.

Either way, more ...
More Info


Romania: Tuborg summer sales reached 40 mil euros, almost half last year's turnover

United Romanian Breweries Bereprod (URBB), the company that holds the bottling licence for the Tuborg and Carlsberg brands on the Romanian market, saw sales worth 40 million euros over the summer period, almost half last year's turnover, Ziarul Financiar published September 21. The company posted a 34% increase in beer sales between June and August this year, as compared with last summer.

"Approximately 82% of our sales for this period were registered in urban areas. Bucharest by far leads the ranking of the top beer selling areas, accounting for 22% of overall sales, followed by Moldova with 14%," Shachar Shaine, president of URBB said, quoting data supplied by the research agency MEMRB.

According to estimates made by the URBB president, the company registered sales worth approximately 8.8 million euros in Bucharest alone.

In terms of the rise in the volume of sales experienced on the seaside during the summer months, Carlsberg registered a 20% increase, Tuborg - 16%, whilst sales volumes for Holsten doubled against the same time last year.

The bulk of sales (71%) were made off-premise, whist just 29% were sold on-premise. "On both the on and off-premise segments, our brands saw a 34% increase against the same time ...
More Info

Barley News
USA: Tightening supplies push barley export sales to triple last year

According to USDA, coarse grain trade hit record levels with 2007/08 numbers increasing by more than 4 million metric tons this month to a record 115 million, Grain Journal published September 14.

“As a result of other countries, specifically the Ukraine, having a poor barley crop this year due to natural calamities, customers are relying on U.S. farmers to fulfill demand,” said President and CEO of the U.S. Grains Council Ken Hobbie.

“Tightening foreign supplies and increasing prices have boosted U.S. barley export sales to triple last year’s level.”

In the past month world barley prices have jumped $80 per ton, which is a 25 percent increase, to a record $350 per ton.

The Ukraine previously accounted for 16 percent of world exports, but due to the poor crop this year export restrictions were imposed to ensure that there are sufficient domestic supplies to soften internal prices.

In addition, Australia, which normally supplies one-third of world exports, is facing lower crop prospects and depleted old crop exportable supplies, according to USDA statistics.

Hobbie said Council programs taking place across the globe helped educate feed mills and other importers of the benefits of U.S. barley as a feed alternative.

For example, the ...
More Info

Hops News
Czech Republic: Hop production down in 2007

The 2007 hop harvest in the Czech Republic is approaching its end. Saaz variety is now completely harvested, the Hop Growers Union of the Czech Republic posted in its Czech Hop Report of September 5th 2007. They said: “Although the final official results of the harvest will not be available until the end of November we estimate that due to unfavourable climatic conditions, especially very hot and also dry weather, during the vegetation period the crop results will be under long-term average. The yields of the main SAAZ hop variety were down at least 20 % compare to long-term average and down also compare to what was expected before the harvest started. The alpha content of the Saaz variety is on average under 3 %.

The harvest of the other Czech varieties should be finished next week. We expect an average crop of these varieties with an average alpha content.

At this moment we estimate that the total Czech hop production in 2007 will be around 5100-5300 t (with approx. 4200 t of Saaz variety) which means that it will be very hard to fulfil all commitments. Due to the current crop shortage there has been also some price increase in ...
More Info

Scientific Digest
Beginnings of microbiology and biochemistry: the contribution of yeast research

DESCRIPTION: James A. Barnett School of Biological Sciences, University of East Anglia, Norwich NR4 7TJ, UK

With improvements in microscopes early in the nineteenth century, yeasts were seen to be living organisms, although some famous scientists ridiculed the idea and their influence held back the development of microbiology. In the 1850s and 1860s, yeasts were established as microbes and responsible for alcoholic fermentation, and this led to the study of the ro? le of bacteria in lactic and other fermentations, as well as bacterial pathogenicity. At this time, there were difficulties in distinguishing between the activities of microbes and of extracellular enzymes. Between 1884 and 1894, Emil Fischer’s study of sugar utilization by yeasts generated an understanding of enzymic specificity and the nature of enzyme–substrate complexes.
... Load full article, 73 pages, 303 Kb, PDF file


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.402 September 21, 2007 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  325.00  456.00  280.00  392.50 
2RS  Prestige  324.00  454.50  279.00  391.50 
2RS  Cellar  323.00  453.00  278.00  390.00 
2RS  Sebastien  322.00  451.50  277.00  388.50 
2RS  Astoria  322.00  451.50  277.00  388.50 
2RS  Cork   322.00  451.50  277.00  388.50 
6RW  Esterel   294.00  412.50  248.00  348.00 

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

Theoretical malt prices.
  EURO = USD 1.402 September 21, 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  563.00  789.50  586.00  821.50  579.50  812.50  590.50  827.50 
2RS  Prestige  562.00  787.50  584.50  819.50  578.50  811.00  589.00  825.50 
2RS  Cellar  560.50  786.00  583.50  818.00  577.50  809.00  587.50  824.00 
2RS  Sebastien  559.50  784.50  582.50  816.00  576.00  807.50  586.50  822.50 
2RS  Astoria  559.50  784.50  582.50  816.00  576.00  807.50  586.50  822.50 
2RS  Cork   559.50  784.50  582.50  816.00  576.00  807.50  586.50  822.50 
2RS   Average price  560.50  786.00  583.50  818.00  577.50  809.00  587.50  824.00 
6RW  Esterel   524.00  736.00  547.50  768.00  541.50  759.00  552.00  774.00 
Asia Malt 70/30  550.00  771.00  572.50  803.00  566.50  794.00  577.00  809.00 
**  Asia Malt 50/50  543.00  761.00  565.50  793.00  559.50  784.00  570.00  799.00 


  EURO = USD 1.402 September 21, 2007 
Crop year  2008 
Parity  FOB Antwerp 
Position  Oct 2008-Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  504.50  707.50  527.50  739.50  521.50  731.00  532.00  745.50 
2RS  Prestige  503.50  706.00  526.50  738.00  520.00  729.00  530.50  744.00 
2RS  Cellar  502.50  704.00  525.00  736.00  519.00  727.50  529.50  742.00 
2RS  Sebastien  501.00  702.50  524.00  734.50  517.50  725.50  528.50  740.50 
2RS  Astoria  501.00  702.50  524.00  734.50  517.50  725.50  528.50  740.50 
2RS  Cork   501.00  702.50  524.00  734.50  517.50  725.50  528.50  740.50 
2RS   Average price  502.50  704.00  525.00  736.00  519.00  727.50  529.50  742.00 
6RW  Esterel   464.50  652.50  488.00  684.50  482.00  675.50  492.50  690.50 
Asia Malt 70/30  491.50  688.50  514.00  720.50  507.50  712.00  518.50  726.50 
**  Asia Malt 50/50  484.00  678.50  506.50  710.50  500.50  701.50  511.00  716.50 

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

Prices Evolution
Prices evolution
Source: Statistics Canada; Update: September 17, 2007
Table of the week
BARLEY PRODUCTION (2006 - 2007)

  WINTER  SPRING  TOTAL 
  Acreage
in 1000 ha
Production
in 1000 tonnes
Acreage
in 1000 ha
Production
in 1000 tonnes
Acreage
in 1000 ha
Production
in 1000 tonnes
Country 2006  2007  2006  2007  2006  2007  2006  2007  2006  2007  2006  2007 
Austria  64  74  328  360  143  119  588  357  207  193  916  717 
Belgium  42  41  330  330  37  36  49  48  367  366 
Denmark  158  159  896  922  519  440  2374  2200  677  599  3270  3122 
Germany  1483  1476  9451  8000  542  500  2515  2100  2025  1976  11966  10100 
Finland    564  550  1976  1870  564  550  1976  1870 
France  1176  1188  7617  7157  493  503  2862  2604  1669  1691  10479  9761 
Greece  75  70  188  197  75  70  188  197 
Ireland  15  18  119  122  152  153  1018  1010  167  171  1137  1132 
Italy  335  333  1239  1210  335  333  1239  1210 
Netherlands  23  21  41  40  246  200  44  43  269  221 
Sweden  27  50  301  318  1238  1360  307  326  1265  1410 
U.K.  382  370  2608  2320  494  505  2631  2640  876  875  5239  4960 
EU-13  3739  3740  22826  20689  3256  3135  15485  14377  6995  6875  38311  35066 
Portugal  45  40  106  85  45  40  106  85 
Spain  731  688  1855  2214  2502  2491  6464  9069  3233  3179  8319  11283 
Iberia  776  728  1961  2299  2502  2491  6464  9069  3278  3219  8425  11368 
Czech Rep.  103  125  385  470  426  360  1666  1380  529  485  2051  1850 
Estonia    142  139  302  320  142  139  302  320 
Hungary  172  182  659  644  122  142  422  340  294  324  1081  984 
Latvia  17  148  140  298  330  152  145  307  347 
Lithuania  14  25  376  362  728  940  382  369  742  965 
Poland  155  165  504  560  1066  1030  2696  3350  1221  1195  3200  3910 
Slovakia  18  19  58  69  167  178  617  582  185  197  675  651 
EU-10  458  503  1629  1785  2447  2351  6729  7242  2905  2854  8358  9027 
Bulgaria  177  526    20  185  190  515  370 
Romania  175  197  441  300  156  172  332  170  331  369  773  470 
Balkan  352  197  967  300  164  352  516  559  1288  840 
TOTAL EU  5325  5168  27383  25073  8369  7977  29030  30688  13694  13507  56382  56301 
Russia  17444  16200 
Ukraine  421  989    4773  11027  5194  11300  6000 
CIS  421  989    4773  11027  5194  28744  22200 
EU Barley Production without Cyprus, Malta, Slovenia and Luxemburg; their combined production is about 160000 tonnes.
Newsletter SummaryTop

Graph of the week

Source: FAS USDA
These Days in Business History
20 September
1519 Portuguese navigator Ferdinand Magellan sets sail from Spain in an effort to find a western sea route to the rich Spice Islands of Indonesia.
1839 1st railroad in Netherland opens (Amsterdam-Haarlem)
1877 Chase National Bank opens in NYC (later merges into Chase Manhattan)

21 September
1784 The first daily newspaper in the United States, the Pennsylvania Packet and Daily Advertiser, begins publishing.
1883 1st direct US-Brazil telegraph connection
1931 The day after the Bank of England abandons the gold standard, U.S. stocks tumble.

22 September
1893 1st auto built in US (by Duryea brothers) runs in Springfield
1910 England's 1st aircraft flight
1988 Canada begins production of a $5 silver Maple Leaf bullion coin

23 September
1908 University of Alberta opens
1974 BBC Ceefax begins 1st teletext service
1991 ABN & AMRO Dutch banks merge
Agenda
September 2007:
Belgian Beer Weekend
Great Canadian Beer Festival
Bruxellensis Biere Festival
WBA Associate in Brewing Technology Program in Chicago
WBA International Diploma in Brewing Technology Program Chicago & Munich Campuses
Great Japan Beer Festival-Yokohama
WorldFood Moscow


October 2007:
The International Brewing Convention 2007, UK
Newport International Oktoberfest, USA
Grain Market Outlook Conference & Cereals Industry Forum Conference 2007 , UK
Great American Beer Festival
World Beer Festival Durham , USA
Belgian beer and chocolat festival
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