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E-Malt.com Newsletter 13a
March 24 - March 26, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"What counts is not the number of hours you put in, but how much you put in the hours."
Unknown wise person
Currency Rates
Base Currency: Euro, EUR
on 26-March-2008

1 EUR = 1.5533 USD
1 EUR = 0.7795 GBP
1 EUR = 1.5796 CAD
1 EUR = 1.7028 AUD
1 EUR = 155.959 JPY
1 EUR = 2.7076 BRL
1 EUR = 36.7846 RUB
1 EUR = 10.967 CNY
Base Currency: US Dollar
on 26-March-2008

1 USD = 0.6438 EUR
1 USD = 0.5019 GBP
1 USD = 1.0169 CAD
1 USD = 1.0963 AUD
1 USD = 100.408 JPY
1 USD = 1.7432 BRL
1 USD = 23.6817 RUB
1 USD = 7.0605 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

March 26, 2008

Type Crop 2007 Crop 2008
2rs Barley €271.0-273.0 €274.0-276.0
6rw Barley €242.0-244.0 1.67% €247.0-249.0 0.81%
2rs Malt €529.5-531.5 €518.0-520.0
6rw Malt €493.0-495.0 1.02% €483.5-485.5 0.52%
Feed Barley €196.0-198.0 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

Czech Republic: Heineken acquires Drinks Union brewery group in Czech Republic ...Click here
Singapore & Vietnam: Asia Pacific Breweries expands brewery in North Vietnam ...Click here
Romania: Timisoreana beer posts top volume of sales in 2007 ...Click here
India: Cobra Beer allocates $80 million for expansion in India which includes 2 new breweries ...Click here
Netherlands & South Africa: Heineken confirms site of new South African brewery ...Click here
Singapore & India: Asia Pacific Breweries to launch Tiger beer in India next year ...Click here
Europe: EU barley export to increase in 2008/09 - (CORRECTED) ...Click here
Ukraine: Malting barley reserves on grain storage companies up 18.8% y/y on March 1, 2008 ...Click here
Japan: Government plans to import more barley in 2008/09 ...Click here




Canada: A battle is brewing over calls for beer prices to be fixed ...More Info
Australia: Beer tax could help curb binge drinking ...More Info
USA: Cobra Beer in talks with Anheuser-Busch for US distribution ...More Info
China: China's Olympic beer flowing in capital Beijing ...More Info
Canada: Big Rock Brewery announces C$0.13 per trust unit dividend ...More Info
USA: National Fatherhood Initiative names Anheuser-Busch 2008 Fatherhood Award(TM) winner ...More Info
UK: Norfolk brewer Woodforde's sees 34% sales increase ...More Info
South Africa: NCYL intensifies campaign to ban beer advertising and sales on Sundays ...More Info
USA: Aladdin Beverage's Patagonia Blond Ale to compete in 2008 World Beer Cup® Competition ...More Info
Nigeria: Nigerian Breweries proposes a final dividend of N14.7 billion ...More Info
Russia: “Baltika No.7 Exportnoe” beer launched the new site of the brand ...More Info
Ukraine: Agrarians January-February barley sales averaged UAH1,210 per MT, 92.4% higher y/y ...More Info
Bangladesh: Government purchased 75,000 tonnes of barley ...More Info
India: Barley opens up on high demand ...More Info
Go to our news database with more than 12413 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Czech Republic: Heineken acquires Drinks Union brewery group in Czech Republic

Heineken N.V. announced that it will acquire Drinks Union in the Czech Republic, in a press release, March 25. The transaction will strengthen Heineken’s number 3 position in the market, and gives the company a market share of 12% and a total domestic volume of more than 1.9 million hectolitres.

The cost of the transaction, which will be funded from existing credit facilities, has not been disclosed. The deal is expected to be earnings enhancing in 2009 and value enhancing in 2012. The proposed acquisition will be submitted to the relevant competition authorities for approval and, subject to this, is expected to be completed by the second quarter of 2008.

Drinks Union owns a total of four breweries, all located in North and East Bohemia. Two of the breweries are located in Usti nad Labem, one in Louny and one in Kutna Hora. The regional market positions are complementary to Heineken’s existing positions in the Moravian and Prague regions. Drinks Union has a total production capacity of 0.9 million hectolitres and employs 523 staff. The brand portfolio consists of the national brand Zlatopramen and the regional Breznak, Louny and Dacicky brands. 2007 sales volumes totaled 900,000 hectolitres including export and the ...More Info


Singapore & Vietnam: Asia Pacific Breweries expands brewery in North Vietnam

Catering to strong domestic and export demand for its beers in North Vietnam, Asia Pacific Breweries Ltd (APB) has expanded the production capacity of its wholly-owned brewery in Hatay, located outside Hanoi in North Vietnam, the company reported in a press release, March 26.

Hatay Brewery Limited (HBL), APB’s second brewery in Vietnam, after its South Vietnam brewery situated outside Ho Chi Minh City, was opened in 2003. Its initial capacity of 300,000 hectolitres (30 million litres) has now been increased by more than 50% to 460,000 hectolitres (46 million litres) at the cost of US$1 million. It currently brews Tiger Beer, Heineken, Anchor and Bivina.

“Vietnam is a key contributor to our financial performance in the Indochina region, which is APB’s largest profit generator, accounting for 48% and 37% of APB’s profit before interest and tax of $255 million and revenue of $1.78 billion respectively in FY2007. The expansion of HBL’s capacity is in line with our strategy to grow bigger and stronger in that market,” said Mr Koh Poh Tiong, Chief Executive Officer, APB.

APB’s operations in Indochina comprise five breweries in Vietnam, one in Cambodia and one in Laos, which was officially opened two weeks ago.

"The expansion is timely as ...More Info


Romania: Timisoreana beer posts top volume of sales in 2007

Timisoreana beer, owned by Ursus Breweries, member of SAB Miller, posted volume share of 11.3 percent of the total Romanian beer market in 2007, compared to 8.8 percent year-on-year, according to an Ursus Breweries release, which quotes market research institute MEMRB data, Standard reported Mrch 24.

“Practically speaking, in just three years, the local brand produced in Romania’s first beer factory, climbed from fifth to first place on this segment,” shows the release.

“However, the most important factor for the increase in sales, in the case of Timisoreana, is the superior understanding of the consumer, which has practically led to a doubling of sales last fiscal year,” according to Harry Ioncica, Senior Brand Manager Timisoreana, Ursus Breweries.

Timisoreana is a mainstream beer, and claimed a 27.9 percent market share in 2007.

Timisoareana’s volume increased 41,8 percent, while the beer market rose 9,6 percent, according to Ursus Breweries officials.

Ursus Breweries has a 24.9 percent market share, according to market research institute MEMRB. The company owns four beer factories with over 1,500 employees.

SAB Miller is one of the largest beer producers in the world, participating in the production and distribution in over 60 countries on six continents. The group’s brands include Miller Genuine Draft, Peroni Nastro ...More Info


India: Cobra Beer allocates $80 million for expansion in India which includes 2 new breweries

The UK-based Cobra Beer is looking at both the organic and inorganic mode to spawn growth in India, Sify reported March 26. Upping its ante, the global beer major said it has earmarked $80 million for its expansion which includes adding two new breweries.

“We are looking at both acquisition and greenfield projects to strengthen our presence here. Our aim is to sell 20 million cases annually by 2012 in India,” Karan Billimoria, founder-owner of Cobra Beer, told Business Line. The company currently has seven breweries in India in Goa, Bihar, Orissa, Madhya Pradesh, Uttar Pradesh, Rajasthan and Maharashtra. It is adding two new ones in Karnataka and Andhra Pradesh.

Bullish on India

The beer major, with a global turnover of $400 million, said India is high on its radar for all its future expansions. “India will be a very important market in the future. It is also witnessing a high growth rate. We are in talks with a brewer for acquiring a majority stake, similar to the one we has acquired in Bihar — Iceberg,” he said adding “the process will take a couple of weeks before it can be announced.”

The company is also looking to introduce some of its premium brands ...More Info


Netherlands & South Africa: Heineken confirms site of new South African brewery

Heineken N.V. announced that it will build its new South African brewery in the Sedibeng area between Vereeniging and Alberton, south of Johannesburg, in a press release, March 26.

Commenting on the announcement, Heineken's Regional President for Africa and Middle East, Tom de Man said: “The location of the brewery was a difficult decision based on far more than just geology, geography and infrastructure. We are also very aware that southern Johannesburg is an area that will benefit enormously from new commercial investment, which will in turn assist and enable social and economic progress in the whole area. We, our partners Diageo and our local joint venture business brandhouse consider ourselves part of that process.”

As announced on 7 March 2008, Heineken and Diageo will construct and operate the brewery which will be owned 75% by Heineken and 25% by Diageo.

The Sedibeng brewery site on R59 covers 80 hectares. The brewery itself will have an initial capacity of 3 million hectolitres, with the built-in flexibility to expand. It will brew a range of Heineken and Diageo brands including Heineken and Amstel.

Work is already underway on the site and construction is expected to be completed by the end of 2009. A local Heineken ...More Info


Singapore & India: Asia Pacific Breweries to launch Tiger beer in India next year

Singapore-based Asia Pacific Breweries Ltd (APBL) will launch its flagship beer, Tiger, in India next year, DNA Money reported March 25.

The beer maker, a joint venture between beer giant Heineken and Fraser & Neave group of companies, recently launched its Baron Strong Brew brand in Delhi.

Vivek Chhabra, regional director-South Asia & group business development director, APBL told DNA Money, "We are looking to make available our Tiger in India in a phased manner in the coming year and will take the Baron brand pan-India by the end of next fiscal."

Keen to tap the beer market in India, the company is setting up breweries in different parts of the country and is strengthening its distribution network. It holds majority stake in two breweries in Hyderabad and Aurangabad and owns a brewery in Goa.

It plans to revamp the Goa brewery with an investment of Rs70 crore next fiscal, said Chhabra.

According to him, Andhra Pradesh and Maharashtra together account for almost 40% of beer consumption in the country, while Karnataka, Tamil Nadu, Rajasthan, Delhi, Kerala, and Uttar Pradesh account take a further 40%. As for per capita consumption, the highest recorded figures are from Goa, Andhra Pradesh, Delhi, Tamil Nadu and Maharashtra.

Currently, the ...More Info


Barley News

Europe: EU barley export to increase in 2008/09 - (CORRECTED)

According to Strategie Grains’ estimations, EU27 barley output in 2008 will reach 62.4 Mt, up by 4.8 Mt for the level of 2007 (including +1.3 Mt for malting barley).

Barley consumption in animal feeds is revised down by 450 kt compared with last month, but should still be sharply up on the level of 2007/2008 (+4.4 Mt at 40.9 Mt).

Strategie Grains forecasts a sharp rise in EU export availability compared with 2007/2008.


Ukraine: Malting barley reserves on grain storage companies up 18.8% y/y on March 1, 2008

Experts estimate this year March1 grain processing/storage companies malting barley stocks 288,920 MT, up 45,682 MT (+ 18.8%) as of last year Mar 1 and down 42,357 MT (- 12.8%) against this year Feb 1, reported State Statistics Committee, according to Agro Perspectiva, March 25.

As to Agro Perspective earlier report, this year February 1 grain processing/storage companies malting barley reserves were estimated 331,277 MT.


Japan: Government plans to import more barley in 2008/09

Japan plans to buy a total of 270,000 tonnes of barley from abroad in the year to next March, the farm ministry said, according to Reuters, March 26.

A breakdown shows that the ministry is planning to buy 270,000 tonnes of barley in fiscal 2008 ending March 2009.

Of the total for this year, the ministry bought 180,000 tonnes of barley.

The ministry submitted the annual plan for approval at a Wednesday morning meeting of an advisory committee.

Scientific Digest

Spring malt barley response to elemental sulphur – the prognostic value of N and S concentrations in malt barley leaves

W. Grzebisz, K. Przygocka-Cyna
Department of Agricultural Chemistry, Agricultural University, Poznań, Poland

Abstract
The basic concept of malt barley production is to reach a dilution effect of nitrogen accumulated by grains at maturity. A three-year study was undertaken to establish time courses of nitrogen (N) and sulphur (S) in leaves as the prerequisite tool for total grain yield prognosis. Sulphur application at the lowest rate of 25 kg/ha significantly increased yields of grain in 2001 and 2003. The time course of N and S concentrations in leaves over the growing season showed declining trends for N and variable for S. At mid tillering (BBA-25) both N and S, but at BBA-31 only N concentrations significantly responded to S rates, and in turn affected patterns of N concentration in barley organs up to maturity. Sulphur concentrations and N:S ratios were useful tools to make reliable prognosis of total grain yield of barley at BBA-31 as indicated by the obtained regression equations. The threshold values for N and S in leaves in order to achieve the maximum total grain yield are 0.4% for S and 8.0 for the N:S ratio as presented by the graphical procedure.
... Load full article, 7 pages, 155 Kb, PDF file

Malting barley prices.

French Malting Barley Prices. Nominal prices
EURO = USD 1.5533 March 26, 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  426.00  277.00  430.50 
2RS  Prestige  273.00  424.50  276.00  429.00 
2RS  Cellar  272.00  422.50  275.00  427.50 
2RS  Sebastien  271.00  421.00  274.00  426.00 
2RS  Astoria  271.00  421.00  274.00  426.00 
2RS  Cork   271.00  421.00  274.00  426.00 
6RW  Esterel   243.00  377.50  248.00  385.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.5533 March 26, 2008
Crop year 2007
Parity FOB Creil
Position July 2007
Type EURO USD
Feed Barley 197.00 306.00

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

Theoretical malt prices

EURO = USD 1.5533 March 26, 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  828.00  556.50  864.50  548.50  852.00  562.50  874.00 
2RS  Prestige  532.00  826.00  555.50  862.50  547.50  850.00  561.50  872.00 
2RS  Cellar  530.50  824.00  554.50  861.00  546.00  848.50  560.50  870.50 
2RS  Sebastien  529.50  822.00  553.00  859.00  545.00  846.50  559.00  868.50 
2RS  Astoria  529.50  822.00  553.00  859.00  545.00  846.50  559.00  868.50 
2RS  Cork   529.50  822.00  553.00  859.00  545.00  846.50  559.00  868.50 
2RS   Average price  530.50  824.00  554.50  861.00  546.00  848.50  560.50  870.50 
6RW  Esterel   494.00  768.50  518.50  805.50  510.50  793.00  524.50  815.00 
Asia Malt 70/30  520.00  807.50  543.50  844.50  535.50  831.50  549.50  853.50 
**  Asia Malt 50/50  512.50  796.50  536.50  833.00  528.50  820.50  542.50  842.50 


EURO = USD 1.5533 March 26, 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  809.50  545.00  846.50  537.00  834.00  551.00  856.00 
2RS  Prestige  520.00  807.50  543.50  844.50  535.50  832.00  549.50  854.00 
2RS  Cellar  519.00  806.00  542.50  842.50  534.50  830.00  548.50  852.00 
2RS  Sebastien  517.50  804.00  541.50  840.50  533.00  828.00  547.50  850.00 
2RS  Astoria  517.50  804.00  541.50  840.50  533.00  828.00  547.50  850.00 
2RS  Cork   517.50  804.00  541.50  840.50  533.00  828.00  547.50  850.00 
2RS   Average price  519.00  806.00  542.50  842.50  534.50  830.00  548.50  852.00 
6RW  Esterel   484.50  754.50  509.50  791.00  501.00  778.50  515.50  800.50 
Asia Malt 70/30  509.00  790.50  532.50  827.00  524.50  814.50  538.50  836.50 
**  Asia Malt 50/50  502.50  780.00  526.00  817.00  518.00  804.00  532.00  826.00 
-->

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: Agriculture and Agri-Food Canada; March 12, 2008

Table of the week

World Barley Trade
October-September Year, Thousand Metric Tonnes

TY Exports 2003/04 2004/05 2005/06 2006/07 2007/08Feb 2007/08Mar
Argentina 167 338 309 537 500 500
Australia 6104 4481 5231 1927 2300 2300
Canada 1937 1476 1876 1337 2200 2200
China Peoples Republic of 2 0 3 0 10 100
EU-27 986 4240 2587 4389 4200 4200
Kazakhstan Republic of 613 100 100 600 1200 1200
Russian Federation 1736 1488 1397 1691 1000 1000
Serbia nr nr nr 5 5 5
Syria 320 50 50 50 50 50
Ukraine 2557 3992 4926 2910 2000 2000
Uruguay 12 20 37 200 100 100
Others 6 30 555 250 0 0
Subtotal 14440 16215 17071 13896 13565 13655
United States 384 771 357 528 1000 1000
World Total 14824 16986 17428 14424 14565 14655
TY Imports 2003/04 2004/05 2005/06 2006/07 2007/08Feb 2007/08Mar
Brazil 128 182 153 291 250 250
China Peoples Republic of 1519 2049 2217 1127 1300 1200
Colombia 181 234 198 243 200 200
EU-27 654 212 168 167 200 200
Iran 661 1291 587 300 500 500
Israel 508 313 314 224 250 250
Japan 1359 1522 1417 1359 1350 1350
Jordan 400 607 811 804 500 500
Kuwait 62 214 203 200 200 200
Morocco 143 565 444 400 900 900
Russian Federation 438 266 188 200 200 200
Saudi Arabia 5508 6420 7106 5800 5600 5600
Syria 600 500 612 228 300 300
Tunisia 99 514 606 866 500 500
Turkey 171 69 52 57 250 250
Others 1452 1341 1568 1405 1160 1185
Subtotal 13883 16299 16644 13671 13660 13585
Unaccounted 444 530 660 399 455 620
United States 497 157 124 354 450 450
World Total 14824 16986 17428 14424 14565 14655
Source: USDA - March 2008
Graph Of The Week



These Days in Business History

March 24
1867 Metropolitan Life Insurance Co. forms
1898 1st automobile sold
1955 1st seagoing oil drill rig placed in service

March 25
1814 Netherlands Bank established
1954 RCA manufactures 1st color TV set (12½" screen at $1,000)
1957 Treaty of Rome establishes European Economic Community (Common Market)
1970 Concorde makes its 1st supersonic flight (700 MPH/1,127 KPH)

March 26
1780 The British Gazette and Sunday Monitor was published for the first time. It was the first Sunday newspaper in Britain.
1885 Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochster, NY.
1996 The International Monetary Fund approved a $10.2 billion loan for Russia to help the country transform its economy.
Agenda