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Base Currency: Euro, EUR
on 27-December-2007
1 EUR = 1.4437 USD
1 EUR = 0.729 GBP
1 EUR = 1.4219 CAD
1 EUR = 1.6561 AUD
1 EUR = 164.819 JPY
1 EUR = 2.5834 BRL
1 EUR = 35.6207 RUB
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Base Currency: US Dollar
on 27-December-2007
1 USD = 0.6928 EUR
1 USD = 0.5049 GBP
1 USD = 0.9849 CAD
1 USD = 1.1469 AUD
1 USD = 114.185 JPY
1 USD = 1.7894 BRL
1 USD = 24.673 RUB
1 USD = 7.375 CNY
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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.
UK: Carlsberg welcomes `opening' from S&N's Dunsmore
...Click here
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Germany: Per capita beer consumption downs to a new record low of 112.5 litres in 2007
...Click here
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USA: Consumers will be paying more for their favourite brews next year
...Click here
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Brazil: AmBev intends to make a voluntary offer to purchase any and all outstanding shares Quinsa
...Click here
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Canada: Federal government taking barley deal to court
...Click here
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UK: Scottish and Newcastle chief admits takeover talks
...More Info
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UK: The price of a pint of beer is set to soar from £2.20 to as much as £4 next year
...More Info
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China: Yanjing Brewery raises Beijing prices up to 12 pct as a response to Tsingtao Brewery
...More Info
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UK & China: The Great Beer of Guangdong entering the UK market
...More Info
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Belgium: Former InBev chief reaches 20-mln-euro severance deal
...More Info
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Belgium: Inbev announces changes to executive board of management
...More Info
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UK: The leading Footsie risers were SABMiller up 90p
...More Info
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UK: Carlsberg welcomes `opening' from S&N's Dunsmore
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Carlsberg A/S welcomed comments from Scottish & Newcastle Plc Chief Executive Officer John Dunsmore signaling that the U.K. brewer is open to an offer, Danish newswire Direkt said, citing a Carlsberg spokesman, Bloomberg posted December 27th.
``If we're looking at a more open stance, then that's good news,'' Jens Peter Skaarup told the Copenhagen-based newswire. Carlsberg believes it has already made a good offer for the brewer, the newswire said.
Dunsmore told workers he may have to start talks with Carlsberg and Heineken NV if they make a significantly higher offer for the brewer, the Scotsman reported Dec. 24, citing an internal memo to staff. Carlsberg and Heineken have made an informal offer to pay 750 pence per S&N share and must make any formal bid by no later than Jan. 21, the U.K.'s merger regulator said Dec. 17.
The proposed bid is ``a good offer,'' Skaarup said in an interview with Bloomberg.
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Romania: Bere Mures is now up for sale
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Bere Mures producer, the biggest independent player on the Romanian beer market is now up for sale. Its owners are trying to find an
...More Info
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Germany: Per capita beer consumption downs to a new record low of 112.5 litres in 2007
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A poor summer and an ageing population dragged German per capita beer consumption down to a record low of 112.5 litres in 2007, the country's brewing association said on December 23rd.
Brewery Association managing director Peter Hahn predicted little or no improvement in the year ahead. "We will have to get used to long-term declines in consumption figures," he told the Welt newspaper.
Hahn predicted the decline would begin to hurt the 1,284 breweries in Germany - more than in any other country. While no closures were likely in the immediate future, there would probably be mergers and acquisitions, he said. "We are going to see an increased concentration in favour of the larger brewing companies, Hahn said.
He also predicted little or no improvement in the year ahead. "We will have to get used to long-term declines in consumption figures," Hahn told the paper.
The 2007 figure was 3.5 litres down on that for 2006, which was boosted by Germany's hosting of the Football World Cup, and confirmed a trend that set in a decade ago. The soccer World Cup last year did wonders for beer sales in Germany. Only once in the last nine years did beer
...More Info
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USA: Consumers will be paying more for their favourite brews next year
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A perfect storm of factors affecting beer making and distribution have come to a head, meaning that consumers will be paying more for their favorite brews next year, Online Athens posted on December 22nd.
A shortage of beer making grains, higher prices on those commodities, the weakening U.S. dollar and increasing costs for transportation have added to the price of brewing.
Hops and malted barley, the two essential ingredients for flavoring beer, have gone up in price significantly in the past month, with hops rising by as much as 400 percent in some markets. Hops provide the aroma and bitterness to beer while barley gives it color and sweetness. The skyrocketing costs of both will impact small breweries and imports the most.
"In the course of one week, hops prices increased three to four times what I was paying," said John Cochran, a founder and owner of Terrapin Beer Co. "A month ago, I was paying $5 a pound for Cascade (a popular hops) and now it's 20 bucks if I can find it."
English malts rose nearly 28 percent, and German malts increased even more at 47 percent, said Matt Buley, brewmaster at Copper Creek Brewing Co. in downtown Athens.
Those escalating costs are
...More Info
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New Zealand: Lion Nathan to build new NZ brewery
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Lion Nathan says it has received Overseas Investment Office consent to buy 16.7 hectares of freehold land in South Auckland to build a $NZ250 million brewery, NZPA posted December 20th.
The land will be the site of a new manufacturing and warehousing facility for the New Zealand arm of the Tasmanian boutique brewer J Boag & Son.
Works will begin in January at the industrial site in East Tamaki.
Lion Nathan also said it had been cleared by the Australian competition watchdog to buy Boag from Philippines-based San Miquel Corp for $A325 million ($NZ373 million).
The Sydney-based company, in which Japanese brewery Kirin Holdings has a 46.1 per cent stake, said today it had secured the site – subject to approval by the Overseas Investment Office.
The new Auckland facility was expected to be up and running in about four years, Lion said.
In July, Lion announced it had entered into an agreement to sell its Auckland brewery site in Newmarket, nowadays a swanky upmarket area of the city, to AMP Capital Investors for $162m.
Most of the sale price will be payable when Lion leaves the site in about four years, but $50m will be realised this financial year.
The new manufacturing and warehousing facility would better
...More Info
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Brazil: AmBev intends to make a voluntary offer to purchase any and all outstanding shares Quinsa
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Companhia de Bebidas das Américas – AmBev (“AmBev”) announced on December 21st that its board of directors has approved a plan to make a
...More Info
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Canada: Federal government taking barley deal to court
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Canada’s federal government is going to court Feb. 26 in an attempt to appeal a decision from last summer that would have allowed western
...More Info
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Survey of beer for fusarium toxins. Research on T-2 and HT-2 formation in the beer value chain
Published by: The Brewers of Europe
Executive Summary
The European Commission will review current fusarium legislation
in order to revise or fix maximum residue limits in cereals and
cereal products. In a response to a Commission call for information,
EBC/The Brewers of Europe initiated a survey on fusarium toxins in beer.
Out of the 9 fusarium toxins analysed, only T-2 and HT-2 occurred in
levels which, taking account of a consumption of 1 liter/day beer,
would contribute to the temporarily tolerable daily intake for the
sum of T-2/HT-2: up to 11%. The results for the other fusarium toxins
show that levels are very low if they are detected at all, or at a level
which is well within the established safety range. Research on the fate
of T-2 and HT-2 in the beer value chain revealed that the presence
of these toxins in beer depends on their levels in the malt and cereals
used in the brewing process. Whilst malting reduces T-2/HT-2 levels of
brewing barley by 50 to 75%, most (65 to 100%) of the T-2/HT-2 present
in malt will persist into the beer. The Fusarium Stakeholders' meeting
organized by the European Commission in January 2007 revealed that
there is an increase of barley contamination by T-2/HT-2 toxins from 2003 to 2006.
This increase is due to barley contaminations by Fusarium Langsethiae
and needs to be further monitored. EBCl The Brewers of Europe therefore
recommends that a new survey on T-2 and HT-2 be carried out in order to
assess the variation of contamination from crop to crop.
The Brewers of Europe supports the scientifically valid principie that
regulatory limits for mycotoxins, if appropriate, be set at their control
point. In the case of T-2 and HT-2, field mycotoxins, this is the malting bartley.
...
Load full article, 11 pages, 700 Kb, PDF file
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Prices for Danish malting barley are available on site
www.e-malt.com/MarketPrices
Theoretical malt prices (Crop 2007, Crop 2008).
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
World Barley Supply and Demand
December 24
1851 US Library of Congress catches fire; 35,000 books burn
1893 Henry Ford completes his 1st useful gas motor
1922 BBC sends 1st British radio play "Truth about Father Christmas"
December 25
1848 New Haven Railroad opens
1947 Taiwan passes Human Rights laws (Day of Earth Law)
1954 WSFA TV channel 12 in Montgomery AL (NBC) begins broadcasting
1959 Sony brings transistor TV 8-301 to the market
December 26
1854 Wood-pulp paper 1st exhibited
1878 1st US store to install electric lights, Philadelphia
1950 Gillette & Mutual buy All Star & World Series rights ($6 million for 6 years)
1975 1st supersonic transport service (Tupolev-144)
December 27
1825 1st public railroad using steam locomotive completed in England
1928 Portfolio manager Walter Morgan founds the nation’s first “balanced” mutual fund, the Industrial and Power Securities
Co., which invests in both stocks and bonds.
1945 International Monetary Fund established - World Bank founded
December 28
1895 Auguste and Louis Lumiere are born (1st commercial cinema)
1869 William Finley Semple of Mount Vernon OH, patents chewing gum
1967 After 175 years, the New York Stock Exchange finally admits its first woman member, Muriel Siebert of Muriel Siebert & Co.
December 29
1862 Bowling ball invented
1867 1st telegraph ticker used by a brokerage house, Groesbeck & Co, NY
1891 Edison patents "transmission of signals electrically" (radio)
1997 Russia signs agreement to build a $3B nuclear power plant in China
December 30
1851 Asa Griggs Candler is born (developed Coca-Cola)
1854 Pennsylvania Rock Oil Company, 1st in US, incorporated in New York NY
1861 US banks stops payments in gold
1958 French franc devalued
1988 Mercedes-Benz pays $20.2-M fine failed to meet '86 government fuel standard
December 31
1776 Rhode Island establishes wage & price controls to curb inflation: Limit is 70c a day for carpenters, 42c for tailors
1781 Bank of North America, 1st US bank opens
1981 CNN Headline News debuts
1997 Microsoft buys Hotmail E-mail service
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