If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?4289
E-Malt.com NewsLetter

Newsletter Summary





E-Malt is a proud endorser of World Beer Cup 2008
Publish Your Own News, Announcement and Event on E-Malt.com


Last five newsletters


Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

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.



Last five prices evolutions


Last five scintific digests


Access to E-malt.com

User name

Password


Use the above form to have a full immediate access to E-malt.com site! Through the drop-down menu you can easily remind your username and password, change your username and password or even edit your account!




Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.



E-Malt.com Newsletter 12a
March 17 - March 19, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"The genius of a good leader is to leave behind him a situation which common sense, without the grace of genius, can deal with successfully."
Walter Lippmann
Currency Rates
Base Currency: Euro, EUR
on 19-March-2008

1 EUR = 1.5764 USD
1 EUR = 0.7851 GBP
1 EUR = 1.5688 CAD
1 EUR = 1.7059 AUD
1 EUR = 153.935 JPY
1 EUR = 2.701 BRL
1 EUR = 37.0729 RUB
1 EUR = 11.1792 CNY
Base Currency: US Dollar
on 19-March-2008

1 USD = 0.6344 EUR
1 USD = 0.498 GBP
1 USD = 0.9951 CAD
1 USD = 1.0821 AUD
1 USD = 97.6909 JPY
1 USD = 1.7133 BRL
1 USD = 23.5168 RUB
1 USD = 7.0914 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

March 19, 2008
Type Crop 2007 Crop 2008
2rs Barley €271.0-273.0 1.45% €274.0-276.0 1.08%
6rw Barley €238.0-240.0 1.65% €245.0-247.0 0.40%
2rs Malt €529.5-531.5 0.38% €518.0-520.0 0.10%
6rw Malt €488.0-490.0 0.41% €481.0-483.0 0.31%
Feed Barley €200.0-202.0 nq   

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


Top Industry News

Vietnam: Carlsberg plans to raise holding in Habeco ...Click here
Ukraine: Parliament bans beer advertising ...Click here
Canada: Big Rock Brewery Income Trust announces resignation of its president and CEO ...Click here
Spain & Russia: Baltika Breweries plan to increase its sales on Spanish market ...Click here
Philippines: Government sees sale of its 24% stake in San Miguel in H2 of 2008 ...Click here
UK: SABMiller appoints international brand director for Grolsch ...Click here
Ukraine: Ukrainian Grain Association asks Government to urgently cancel feed barley export quotation ...Click here
Canada: Farmers win at court appeal, CWB to retain barley and wheat ...Click here
USA: Two brewing companies try out winter malting barley ‘Charles’ ...Click here




USA: Anheuser-Busch rises as investor worries decline ...More Info
Belarus: The softening of requirements for beer advertising had a beneficial effect on beer production ...More Info
Turkey: Anadolu Efes announces changes in Efes Beer Group management ...More Info
Russia: Ochakovo beer company put out a new sort of beer ...More Info
India: United Breweries to approve dividend on March 26 ...More Info
UK: British Beer and Pub Association has accused the Government of punishing all beer drinkers rather than tackling the minority of drunken hooligans. ...More Info
USA: Golden West Brewing to release new organic beer brand ...More Info
USA: Anheuser-Busch certifies E-Commerce solution for its distributors ...More Info
Denmark: Carlsberg shares 1.7 pct lower after early gains ...More Info
UK: Lawn Tennis Association and InBev announce end to 30 year sponsorship ...More Info
UK: Heineken N.V. to nominate Mary Minnick as Supervisory Board member ...More Info
India: Barley futures likely to remain mixed ...More Info
Tunisia: Government purchases 25,000 tonnes of feed barley ...More Info
Go to our news database with more than 12371 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Vietnam: Carlsberg plans to raise holding in Habeco

Carlsberg A/S plans to buy any shares Vietnam won’t be able to sell in the initial public offering of Hanoi-Beer-Alcohol-Beverages Corp., (Habeco), according to Nguyen Van Viet, chief executive officer of the brewer, Bloomberg reported March 19.

Carlsberg will buy the shares at VND50,000 (US$3.2) each if the Vietnamese government permits.

Vietnam has already allowed the Danish company to take a 10 percent stake in Habeco.

The government will auction 34.8 million shares in Hanoi-based Habeco on March 27 with a minimum bid of VND50,000.


Ukraine: Parliament bans beer advertising

Deputies from Ukrainian Verhovna Rada (Parliament) passed the law on alcohol advertising, the media reported March 18. The new law bans the alcohol, including beer, advertising in transport and in media (newspapers, journals, TV and radio).

Advertising is allowed only at special events like exhibitions.


Canada: Big Rock Brewery Income Trust announces resignation of its president and CEO

Big Rock Brewery Income Trust announced that Mr. Ken Barbet has resigned as the President, Chief Executive Officer and a director of Big Rock Brewery Operations Corp., in a press release, March 18. Mr. Barbet has served as the President and Chief Executive Officer of Big Rock since October 1, 2005. Effective immediately, Mr. Edward McNally, the current Chairman of the board and founder of Big Rock, has been appointed as the interim President and Chief Executive Officer of Big Rock. Mr. McNally will serve as the interim President and Chief Executive Officer until a suitable replacement is identified and appointed by the board of directors.

Management and the board of directors of Big Rock wish to thank Mr. Barbet for his dedication to the success of Big Rock and his valued contributions to the board.

About Big Rock Brewery

The Trust is an unincorporated open-ended limited purpose trust established under the laws of the Province of Alberta. The Trust owns all of the securities of Big Rock Brewery Ltd. ("Big Rock") which entitles the Trust to receive all cash flow available for distribution from the business of Big Rock, after debt service payments, maintenance capital expenditures and other cash requirements.

Big Rock - ...More Info


Spain & Russia: Baltika Breweries plan to increase its sales on Spanish market

Baltika Breweries plan to increase its sales on Spanish market, according to company’s press release, March 19. The company has been operating on this market since 2000. In 2007 Baltika’s sales increased 16% mainly due to Baltika Nb. 7 brand (+23%). The bestseller is always Baltika Nb. 3 Classic with 26% of sales, than Baltika Nb. 7 with 17% and Baltika Nb. 5 with 16%.

Baltika’s specialists have recently participated at an important international exhibition in Spain – Alimentaria, where they have closed new agreements in order to expand company’s distribution on the local market.

Baltika Breweries is the largest FMCG producer in Russia. Ever since 1996, it has been the leader on the Russian beer market. The Baltika brand occupies second place in Europe in terms of sales. The Company comprises 11 breweries across all of Russia and has a broad portfolio of brands. There are around 12,000 employees in the Company.


Philippines: Government sees sale of its 24% stake in San Miguel in H2 of 2008

The Philippine government hopes to sell a 24 percent stake in San Miguel Corp in the second half of this year after coming to a settlement with a coconut farmers group that is contesting its ownership, Reuters reported March 13.

"We are hoping we can get this done in the next semester," Finance Secretary Margarito Teves told Reuters on Thursday.

"We are trying to figure out if we can reach an amicable settlement," he said in an interview.

The government's stake in the company, Southeast Asia's largest food and drinks group, is worth about $740 million.

The stake was sequestered by the government upon the overthrow of dictator Ferdinand Marcos in 1986 after it was deemed to have been acquired by using an illegal levy on coconut farmers.

A farmers group has contested the government's ownership.

"These are government shares, but the intention is to use the proceeds for the farmers," said Teves, adding that he hoped to sell the stake in one block via an auction.


UK: SABMiller appoints international brand director for Grolsch

SABMiller plc, one of the world’s leading brewers, is pleased to announce the appointment of Ronald van Amerongen to the group marketing team as the International Brand Director for Grolsch, according to company’s press release, March 19. It follows SABMiller acquisition of Royal Grolsch which was finalised on 21st February 2008.

Reporting to Nick Fell, SABMiller’s Group Marketing Director, Ronald was previously Grolsch Director for Global Marketing, where he was already responsible for the growth of the Grolsch brand in its domestic and international markets.

Commenting on his appointment, Nick Fell said:

“I am very pleased to welcome Ronald and of course, Grolsch, to SABMiller. Grolsch will provide SABMiller with a powerful addition to its international portfolio, and Ronald brings with him experience and understanding of the Grolsch brand. Within the SABMiller family Grolsch will continue to build on almost 400 years of brewing heritage and together we will establish new positions in the most important emerging beer markets around the world. I look forward to working with Ronald to write the next chapter in this great brand’s history.”

Previously, Ronald worked for Friesland foods as Marketing Director for the juices and still drinks business and as International Marketing Manager for the enhanced ...More Info


Barley News

Ukraine: Ukrainian Grain Association asks Government to urgently cancel feed barley export quotation

According to the President of the Ukrainian Grain Association Vladimir Klimenko, they ask the President of Ukraine to cancel feed grain export quotation because, currently, the elevators accumulate large stocks of grain, Agrimarket reported March 14.

At that, V. Klimenko stated, that Ukraine can export in the current season no more than 1.1 mln tonnes of barley, taking into account currently valid quotas and under condition of the cancellation of feed crops export quotation.

In addition, the President of UGA stated that the draft resolution developed by the Ministry of Economics of Ukraine about increasing of grain export quota to 1.7 mln tonnes by the end of the season has lost its actuality because much time is required for beginning of grain export to the external markets.


Canada: Farmers win at court appeal, CWB to retain barley and wheat

In July 2007, farmers won a court challenge, reversing the federal government's Order-in-Council that would have stripped the CWB of its barley marketing mandate, The Daily Observer published March 19.

The government appealed its loss. On February 26, the appeal was heard in Winnipeg, and it was a victory for farmers, reports Dave Mackay, president of the Renfrew County National Farmers Union.

The three judges ruled unanimously against the federal government and its appeal, saying that they found no grounds to overturn the original ruling.

"This is a huge victory for farmers, for their collective marketing agency, the CWB, and for all citizens who value democracy and who want it safeguarded against unilateral and illegal government actions," says the NFU. "Over the past year, thousands of farmers have contributed time and money toward the defense of the CWB. This is their win," reports the NFU.

"Ottawa acted illegally by issuing its Order-in-Council. It then engaged in a costly court fight, and lost. Then, they appealed the loss, setting up another costly court fight, the result of which we see today.

The recent Federal Appeal Court hearing was a colossal waste of taxpayers' money, made even more so by the Minister of Agriculture's announcement that he ...More Info


USA: Two brewing companies try out winter malting barley ‘Charles’

On a few farms that planted a new variety called "Charles" last fall, the crop is already up and starting to grow, Capital Press reported March 14.

Charles is a two-row winter malting variety released in 2005 by plant breeders at the USDA Agricultural Research Service small grains facility in Aberdeen, Idaho.

The new variety is now being tested by two major brewing companies. If it passes the crucial taste test, it could become the first winter malting barley recommended by the American Malting Barley Association.

Charles has the potential to out-yield the best available spring malting varieties by as much as 35 percent in parts of the Intermountain West, according to industry officials.

It's expected to be best adapted to irrigated production in the Snake River Plain.

Timm Adams, who farms near Rupert, Idaho, planted 130 acres of Charles last fall.

"I think it has a lot of promise," Adams said in an interview last summer. "If I could get a 25 to 30 percent increase in yield by growing a winter variety, that would make a big difference."

In variety trials, Charles produced a much high percentage of plump kernels (96 percent vs. 88 percent) compared with Harrington, the most widely grown spring malting barley ...More Info

Scientific Digest

Variation And Genetic Control Of Foam-Positive Proteins In Australian Barley Varieties.

D.E. Evans(1), M. Ratcliffe(2), B.L. Jones(3), A.R. Barr(1). (1) The University of Adelaide, Waite Campus, Dept. of Plant Science, Glen Osmond, SA 5064; (2) Victorian Institute for Dryland Agriculture, PO Box 260, Horsham, VIC 3401; (3) USD-ARS, Cereal Crops Unit, 501N Walnut St, Madison, WI 53705, USA.

Introduction
Beer foam quality is one of the critical characteristics that a consumer will use to determinethe quality of dispensed beer. Brewers are particularly interested in optimising foam quality because it will impact upon customers purchase decisions. Beer foam quality is a combination of its stability, quantity, lacing (adhesion or cling), whiteness, 'creaminess', density, viscosity and strength (Bamforth, 1985). Brewers current strategies for improving foam stability are to specify malt with relatively low Kolbach indices (KI, soluble/total protein) and supplement the beer produced with PGA (propylene glycol alginate), use foam generating "widgets" or use chemically hydrogenated hop extracts (i.e. “Tetra” hop). All these strategies are relatively costly and will impart visual or flavour effects on the beer that may not be desirable. Naturally occurring foam promotants in beer include proteins (>5kDa), isohumulone, metal cations, low levels of ethanol (<3%) and gums (presumably ß-glucans and arabinoxylans) while lipids and high levels of ethanol are foam inhibiting (Bamforth, 1985). Foam-positive proteins can be divided into two fractions based on molecular weight, 1. high molecular weight (HMW, 35-50 kDa); 2. low molecular weight (LMW, 5-17 kDa). Both fractions originate primarily from malt (Asano & Hashimoto, 1980), with the HMW fraction containing mainly protein Z (Kaersgaard, P. & Hejgaard, 1979), and the LMW fraction containing LTP1 (lipid transfer protein 1) and a mixture of hordein and glutelin fragments (Sorensen et al., 1993, Sheehan & Skerritt, 1997, Vaag et al., 1999). Protein Z may be further sub-divided into the protein Z4 and protein Z7 forms which are highly related and expressed from one or more genes on chromosomes 4H and 5H, respectively. In barley and malt, protein Z4 is the dominant isoform accounting for approximately 80 % of all protein Z. Evans et al., (1998, 1999) applied quantitative enzymelinked immunosorbent as says (ELISA) to measure the quantity of protein Z4, protein Z7 and LTP1 in malt. In small and pilot scale brewing trials, the level of protein Z4 was significantly and positively correlated to foam stability as measured by the Rudin head retention time test (Bishop et al., 1975). It follows that if foam quality could be predicted by measurement of foam-positive proteins in barley and malt it would be possible to deliver malt to both domestic and international brewers that produce beer with high quality foam heads. In this study, the quantity of protein Z4, protein Z7 and LTP1 were assessed in malt from a selection of Australian and international malting varieties. The genetic basis for the level of protein Z4 and Z7 were established by QTL analysis in two mapping populations.
... Load full article, 6 pages, 48 Kb, PDF file

Malting barley prices.

French Malting Barley Prices. Nominal prices
EURO = USD 1.5764 March 19, 2008 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  274.00  432.00  277.00  437.00 
2RS  Prestige  273.00  430.50  276.00  435.50 
2RS  Cellar  272.00  429.00  275.00  433.50 
2RS  Sebastien  271.00  427.50  274.00  432.00 
2RS  Astoria  271.00  427.50  274.00  432.00 
2RS  Cork   271.00  427.50  274.00  432.00 
6RW  Esterel   239.00  377.00  246.00  388.00 
French Feed Barley Prices. Nominal prices
EURO = USD 1.5764 March 19, 2008
Crop year 2007
Parity FOB Creil
Position July 2007
Type EURO USD
Feed Barley 201.00 317.00

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

Theoretical malt prices

EURO = USD 1.5764 March 19, 2008
Crop year  2007 
Parity  FOB Antwerp 
Position  March 2008 - Sept 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  533.00  840.50  556.50  877.50  548.50  864.50  562.50  887.00 
2RS  Prestige  532.00  838.50  555.50  875.50  547.50  863.00  561.50  885.00 
2RS  Cellar  530.50  836.50  554.50  873.50  546.00  861.00  560.50  883.50 
2RS  Sebastien  529.50  834.50  553.00  871.50  545.00  859.00  559.00  881.50 
2RS  Astoria  529.50  834.50  553.00  871.50  545.00  859.00  559.00  881.50 
2RS  Cork   529.50  834.50  553.00  871.50  545.00  859.00  559.00  881.50 
2RS   Average price  530.50  836.50  554.50  873.50  546.00  861.00  560.50  883.50 
6RW  Esterel   489.00  772.50  513.50  809.50  505.50  797.00  519.50  819.50 
Asia Malt 70/30  518.50  817.00  542.00  854.50  534.00  841.50  548.00  864.00 
**  Asia Malt 50/50  510.50  804.50  534.00  841.50  526.00  829.00  540.00  851.50 


EURO = USD 1.5764 March 19, 2008 
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  521.50  821.50  545.00  859.00  537.00  846.50  551.00  868.50 
2RS  Prestige  520.00  819.50  543.50  857.00  535.50  844.50  549.50  866.50 
2RS  Cellar  519.00  818.00  542.50  855.00  534.50  842.50  548.50  864.50 
2RS  Sebastien  517.50  816.00  541.50  853.00  533.00  840.50  547.50  862.50 
2RS  Astoria  517.50  816.00  541.50  853.00  533.00  840.50  547.50  862.50 
2RS  Cork   517.50  816.00  541.50  853.00  533.00  840.50  547.50  862.50 
2RS   Average price  519.00  818.00  542.50  855.00  534.50  842.50  548.50  864.50 
6RW  Esterel   482.00  761.50  507.00  799.00  498.50  786.00  513.00  808.50 
Asia Malt 70/30  508.00  801.00  532.00  838.50  523.50  825.50  538.00  847.50 
**  Asia Malt 50/50  501.00  789.50  524.50  827.00  516.50  814.50  530.50  836.50 

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: ABARE, February 2008

Table of the week

EU 2 row Spring Malting Barley production and balance sheet.
March 2008. Estimations. Years 2007-2008 max 12% protein 2008-2009. max 11.5% protein.

  Area, Ha Yield, t/ha Gross production Malting Barley %
Countries 08/09 07/08 08/09 07/08 08/09 07/08 08/09 07/08
UK 510,000 500,000 5.50 5.50 2,805,000 2,750,000 48% 46%
France 475,000 500,000 5.60 5.50 2,660,000 2,750,000 54% 53%
Germany 520,000 501,000 4.50 4.48 2,340,000 2,244,480 44% 43%
Belgium 5,000 5,000 5.40 5.30 27,000 26,500 25% 25%
Denmark 570,000 464,000 5.20 4.97 2,964,000 2,306,080 46% 48%
Holland 45,000 44,000 5.60 5.80 252,000 255,200 45% 40%
Ireland 150,000 150,000 5.80 5.75 870,000 862,500 22% 20%
Spain 2,525,000 2,500,000 2.75 3.20 6,943,750 8,000,000 15% 10%
Portugal 0 0 0.00 0.00 0 0    
Finland 565,000 550,000 3.50 3.45 1,977,500 1,897,500 17% 15%
Greece 0 0 0.00 0.00 0 0   0%
Italy 0 0 0.00 0.00 0 0   0%
Sweden 410,000 340,000 3.80 4.50 1,558,000 1,530,000 35% 29%
Austria 140,000 120,000 4.00 3.25 560,000 390,000 30% 29%
Total EU 15 5,915,000 5,674,000 3.69 3.69 21,822,125 20,953,271    
Estonia 137,000 135,000 2.50 2.50 342,500 337,500 5% 4%
Lithuania 375,000 350,000 2.30 2.40 862,500 840,000 11% 10%
Latvia 140,000 130,000 2.40 2.50 336,000 325,000 5% 4%
Poland 1,060,000 990,000 3.20 3.10 3,392,000 3,069,000 12% 10%
Czech.Re. 350,000 370,000 3.90 3.50 1,365,000 1,295,000 20% 17%
Slovakia 175,000 190,000 3.50 3.00 612,500 570,000 33% 35%
Hungary 135,000 142,000 3.10 2.60 418,500 369,200 29% 30%
Roumania 160,000 170,000 2.00 1.50 320,000 255,000 15% 15%
Bulgaria 50,000 60,000 2.20 1.70 110,000 102,000 70% 70%
EU 9 2,582,000 2,537,000 2.79 2.53 7,759,000 6,427,067    
EU 25(27) 8,497,000 8,211,000 3.24 3.11 29,581,125 27,380,338    

  Net Malting Barley Requirements Balance Balance
Countries 08/09 07/08 08/09 07/08 08/09 07/08
UK 1,346,400 1,265,000 1,150,000 1,100,000 196,400 165,000
France 1,436,400 1,457,500 1,000,000 960,000 436,400 497,500
Germany 1,029,600 965,126 1,800,000 1,850,000 -770,400 -884,874
Belgium 6,750 6,625 600,000 575,000 -593,250 -568,375
Denmark 1,363,440 1,106,918 320,000 320,000 1,043,440 786,918
Holland 113,400 102,080 300,000 275,000 -186,600 -172,920
Ireland 191,400 172,500 135,000 130,000 56,400 42,500
Spain 1,041,563 800,000 470,000 460,000 571,563 340,000
Portugal 0 10,000 50,000 50,000 -50,000 -40,000
Finland 336,175 284,625 230,000 220,000 106,175 64,625
Greece 0 5,000 45,000 50,000 -45,000 -45,000
Italy 0 0 15,000 15,000 -15,000 -15,000
Sweden 545,300 443,700 255,000 200,000 290,300 243,700
Austria 168,000 113,100 165,000 165,000 3,000 -51,900
Total EU 15 7,578,428 6,732,175 6,535,000 6,370,000 1,043,4280 362,175
Estonia 17,125 13,500 0 0 17,125 13,500
Lithuania 94,875 84,000 110,000 110,000 -15,125 -26,000
Latvia 16,800 13,000 0 0 16,800 13,000
Poland 407,040 306,900 355,000 355,000 52,040 -48,100
Czech.Re. 273,000 220,150 645,000 630,000 -372,000 -409,850
Slovakia 202,125 199,500 325,000 325,000 -122,875 -125,500
Hungary 121,365 110,760 155,000 155,000 -33,635 -44,240
Roumania 48,000 38,250 100,000 100,000 -52,000 -61750
Bulgaria 77,000 71,400 65,000 65,000 12,000 6400
EU 9 1,257,3300 1,057,460 1,755,000 1,740,000 -497,6700 -682,540
EU 25(27) 8,835,758 7,789,635 8,290,000 8,110,000 545,758 -320,365

Source: H. Abildstrøm & Co ApS
Graph Of The Week



These Days in Business History
March 17
1845 Bristol man, Henry Jones, patents self-raising flour
1968 2-tiered gold price negotiated in Washington D.C. by U.S. and 6 European nations
1997 CNN begins spanish broadcasts

March 18
1850 Henry Wells and William Fargo forms American Express in Buffalo
1938 Mexico takes control of foreign-owned oil properties
1985 Capital Cities Communications Inc. acquires ABC

March 19
1775 Poland and Prussia sign trade agreement
1831 1st U.S. bank robbery (City Bank, New York/$245,000)
1965 Indonesia nationalizes all foreign oil companies
Agenda