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E-Malt.com Newsletter 22a
May 26 - May 27, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"About the time we can make the ends meet, somebody moves the ends."
Herbert Hoover
Currency Rates
Base Currency: Euro, EUR
on 27-May-2008

1 EUR = 1.5768 USD
1 EUR = 0.7962 GBP
1 EUR = 1.56 CAD
1 EUR = 1.6428 AUD
1 EUR = 162.98 JPY
1 EUR = 2.6228 BRL
1 EUR = 37.1215 RUB
1 EUR = 10.954 CNY
Base Currency: US Dollar
on 27-May-2008

1 USD = 0.6343 EUR
1 USD = 0.5049 GBP
1 USD = 0.9894 CAD
1 USD = 1.0419 AUD
1 USD = 103.377 JPY
1 USD = 1.6634 BRL
1 USD = 23.5421 RUB
1 USD = 6.947 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

May 27, 2008

Type Crop 2007 Crop 2008
2rs Barley nq   €237.0-239.0
6rw Barley nq   €217.0-219.0
2rs Malt €529.0-531.0 0.38% €481.5-483.5 0.63%
6rw Malt €496.0-498.0 0.40% €455.5-457.5 0.66%
Feed Barley €166.0-168.0 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

Russia: Baltika successfully completes its largest investment project, the Novosibirsk brewery ...Click here
Belgium & USA: InBev weighs Anheuser-Busch bid but no talks yet ...Click here
Czech Republic: Beer exports rise 10% to 800,000 hl in Q1 2008 ...Click here
Brazil: Shincariol group acquires Portuguese beer brand Cintra ...Click here
Germany: German beer exports rise in 2007, Italy biggest taker ...Click here
Japan: Asahi Breweries to expand alliance with InBev, import more beer brands ...Click here
Ukraine: Beer production increased 19.2% in January-April 2008 ...Click here
Canada: CWB barley marketing monopoly to remain intact at least until the start of the 2008-09 crop year ...Click here
India: Higher demand pushes barley on bullish trajectory ...Click here
Ukraine: Total barley yield in 2008 1.5 times higher than in 2007 ...Click here
Australia: ABB Grain H1 profit rises by 79% ...Click here
USA: Hops shortage hitting US craft-breweries ...Click here




China: Tsingtao Brewery buys out parent from 22 units ...More Info
Sweden: Brewery company Kopparbergs Bryggeri AB posts Q1 operating loss of SEK1.4 million ...More Info
India: Carlsberg brews up plans for expansion in India ...More Info
Uzbekistan: Baltika Breweries to be produced under license in Uzbekistan ...More Info
Denmark: Carlsberg controlling foundation completes stock sale ...More Info
India: Chadha to venture into beer segment, set up greenfield brewery ...More Info
Philippines: San Miguel Pale Pilsen beer is Asia’s best ...More Info
Canada: Russell Breweries Q3 net loss widens ...More Info
Japan: Sapporo Holdings to launch ...More Info
Mexico & USA: Montana malt barley makes its way into Mexican beer ...More Info
Canada: Barley values unchanged in 2007-08 PRO ...More Info
Japan: Government plans to acquire 301,000 tonnes of barley through SBS tender on June 11 ...More Info
Go to our news database with more than 12811 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Russia: Baltika successfully completes its largest investment project, the Novosibirsk brewery

The festive opening of the Company’s newest brewery, Baltika-Novosibirsk, was held in the city of Novosibirsk, according to company’s press release, May 26. The new facility has the latest generation equipment from the industry’s best suppliers and can produce world-class products. The completed project represents an investment of 134 million Euros.

Anton Artemiev, President of Baltika Breweries, commented as follows: ‘Baltika-Novosibirsk is a 134-million Euro investment in innovation, capacity and quality. The project is significant both for Siberia and for the Company, given that it is the largest regional investment project in our entire history. The new brewery will result in a tax contribution of around 6 billion rubles to the regional budget during just the first 5 years of its operation.’

‘Green field’ construction of the plant made it possible to create a high technology enterprise and to locate optimally the production buildings and infrastructure taking into account experience of building modern new breweries in Europe. More than 745 new jobs were created.

The brewery’s production capacity of 4.5 million hectolitres of beer per year is assured by two brewing units, 16 fermentation tanks, 68 conical-cylindrical tanks, four filling lines (two PET-lines, one can line and one glass bottle line). A ...More Info


Belgium & USA: InBev weighs Anheuser-Busch bid but no talks yet

InBev has not yet begun merger talks with Anheuser-Busch Cos Inc but is still weighing an acquisition of the U.S. brewer, a source familiar with the situation said, according to Reuters, May 27.

The source also said the board of directors for Belgian brewer InBev has not yet voted on whether it will proceed with an overture to Anheuser, the No. 1 brewer in the United States with brands like Budweiser and Michelob.

InBev has not yet decided, the source said, whether it would look at acquiring other companies in the event an Anheuser deal falls through, as was reported over the weekend by the Financial Times.

Citing a person familiar with the situation, FT reported that InBev and SABMiller Plc have been holding informal discussions about a tie-up, but that the progress of those talks was stalled by SABMiller's plans to merge its U.S. operations with those of Molson Coors Brewing Co.

The beer industry is experiencing a wave of consolidation, with Scottish & Newcastle agreeing to be broken up by Carlsberg A/S and Heineken NV.

InBev, formed from the 2004 merger of Belgium's Interbrew with Brazil's AmBev, has a fraction of the U.S. market but has mature businesses in western Europe.

It is ...More Info


Czech Republic: Beer exports rise 10% to 800,000 hl in Q1 2008

Czech breweries exported almost 800,000 hectolitres of beer in the first quarter of 2008, ten percent more year-on-year, Czech Beer and Malt Association chairman Jan Vesely said, according to CTK, May 23.

On the other hand, sales on the domestic market decreased by more than two percent to 3.38 million hectolitres. The aggregate output of 4.18 million hectolitres was therefore virtually the same as a year ago.

The decline in domestic sale was caused by cold weather and concerned tap beer only, said Vesely. Sale of bottled beer remained unchanged on the year.

Vesely said sale in April increased by five percent year-on-year thanks to weather, so breweries offset fully the first-quarter decline.

More than a third of Czech beer was sold in Germany where its sale rose by ten percent in the first quarter. Exports to Slovakia grew 20 percent and sales in Russia added more than a third.

Non-alcoholic beer sales increased by nearly 40 percent in the first quarter, but accounted just for about two percent of overall sales. A vast majority of Czech non-alcoholic beer is sold on the domestic market, with a negligible amount exported to Slovakia.

There are 48 industrial breweries in the Czech Republic, with the seven largest producing ...More Info


Brazil: Shincariol group acquires Portuguese beer brand Cintra

Brazilian group Schincariol has acquired the brand and non-manufacturing assets of Portuguese beer Cintra, in Brazil, for 39 million reais, the Brazilian press reported May 23.

The deal included the sale of the brand, the distribution network, formulas and materials at points of sale that belonged to Companhia de Bebidas das Américas (Ambev), according to financial newspaper Valor Económico.

These assets were acquired by Ambev, in November of last year, for US$10 million,, but the deal was not approved by the competition authorities.

The two Cintra factories, in the states of Rio de Janeiro and Sao Paulo, acquired in Marach of last year, for US$150 million, will remain in Ambev’s hands.

The sale of the assets to Brazilian group Schinacariol follows a ruling by the competition authority, CADE, a body linked to the Ministry of Justice.

According to the ruling, announced in January of this year, Ambev was authorised to buy the factories, but would have to sell the brand and distribution network that belonged to the Portuguese group.

Schincariol is the second largest beer group in Brazil, after Ambev and has a 13 percent share of the Brazilian drinks market.

AmBev, which was set up in 1999, is currently the largest private consumer goods company in ...More Info


Germany: German beer exports rise in 2007, Italy biggest taker

German beer exports rose 4 per cent to 15.4 million hectolitres last year, with Italy remaining the biggest taker, the German brewers' magazine Brauwelt reported May 23.

After Italy, which imports 4.1 million hectolitres, came France and the United States, with 1.7 million hectolitres each.

Beer imports declined almost 13 per cent to 5.5 million hectolitres. Denmark is the largest exporter to Germany on 2.2 million hectolitres, followed by Belgium on almost 1.4 million and the Czech Republic on just under a million.


Japan: Asahi Breweries to expand alliance with InBev, import more beer brands

Asahi Breweries Ltd., Japan's top- selling beermaker, will expand its alliance with Belgium's InBev NV, importing more brands from the world's biggest brewer by sales, Bloomberg reported May 28.

Asahi will import a further six brands to Japan, including Stella Artois and Hoegaarden, the Tokyo-based company said in an e-mailed statement today.

The two companies may consider the joint procurement of raw materials, such as malt and hops, the Nikkei newspaper reported earlier, without saying where it obtained the information. Asahi also hopes to boost sales of its main Super Dry brand by using InBev's breweries overseas, the report said.

There have been no decisions to jointly procure raw materials or use InBev breweries overseas, Asahi spokesman Takayuki Tanaka said. Purchasing ingredients with InBev was a possibility in the future, he said.


Ukraine: Beer production increased 19.2% in January-April 2008

Beer production in Ukraine increased 19.2% till 9.69 mil hl in the first four month of 2008, according to the media, May 27. Beer market was 19.7% higher and reached 8.5 mil hl.

Ukraine exported 1.13 mil hl of beer in Jan-Apr 2008, which is 17.8% more than a year ago. The imports have also grown almost 2.2 times and constituted 60 thousand hl.

According to the analysts, at the end of 2008 beer production will reach 36 million hectolitres while beer market will reach 32-33 mil hl.


Barley News

Canada: CWB barley marketing monopoly to remain intact at least until the start of the 2008-09 crop year

There's "no way" the Conservative government can pass Bill C-46 before the House of Commons breaks for summer in mid-June, according to NDP MP Pat Martin, Resource News International reported May 26.

If Martin's correct, that means the Canadian Wheat Board's (CWB) barley marketing monopoly will definitely remain intact at least until the start of the 2008-09 crop year, which begins Aug. 1.

Federal Agriculture Minister Gerry Ritz in early March announced he was introducing Bill C-46, legislation designed to end the CWB's single-desk barley marketing monopoly in Western Canada in time for the new growing season.

"There is no way on God's green earth that Bill C-46 is going to be passed for the start of the crop year as Minister Ritz committed," said Martin, the New Democrat who represents Winnipeg's downtown.

A spokesperson for the federal Conservative party said the bill has been put on the parliamentary agenda but added that does not necessarily mean it will be debated. It simply signals that it is one of the bills that could possibly come up for debate.

Even though C-46 has been added to the list of bills to be debated, Martin said May 23 that it's been placed in an "impossible low ...More Info


India: Higher demand pushes barley on bullish trajectory

Barley prices continue to rule high on the back of huge demands from the overseas market, Business-Standard reported May 28. This is against earlier expectation that the prices will come down from Rs 1300 in the previous season to Rs 700-the level witnessed two seasons back.

Rising demand from exporters and the domestic malt industries have sent the barley market on a bullish trajectory. In less than a month, the near-month contract for barley has jumped by over 22 per cent to an all-time high of Rs 1,344 a quintal. Commodity market sources said that there was still room for a further rally of Rs 30-40 a quintal. The crop size for the current year is expected to be around 16 lakh tonnes, which will be 33 per cent more than the last year's 12 lakh tonnes. Marketmen had anticipated that prices would slip below Rs 1,000 a quintal-mark with higher output. According to market sources, such a demand is normally seen in October-November. However, this year as soon as the new crop came in March, high demand (mainly from overseas market) did not let the prices come down. ...More Info


Ukraine: Total barley yield in 2008 1.5 times higher than in 2007

Total yield of barley in Ukraine in 2008 is expected at the level of 8.9 mln tonnes with the average productivity of 20.6 c/ha, that exceeds the last year's result by 1.5 times and reach the average level of production for the last five years, according to the report of Anastasia Ivasenko, analyst of IA "APK-Inform", at the conference "Grain Forum 2008" in Yalta, AgriMarket reported May 27.

According to the expert's opinion, considerable growth of the total yield of barley conditions substantial increase of the total barley offer in 2008/09 season. Taking into account the carry-over stocks, that are estimated at the level of 362.000 tonnes, the total barley offer would total 9.3 mln tonnes. At that, in new season, the substantial increase of the total offer of this crop is expected- to 9.3 mln tonnes against 6.4 mln tonnes in 2007/08 season.

According to the forecast of A. Ivasenko, next season, the main importer of this crop- Saudi Arabia remains the main buyer of the Ukrainian barley.


Australia: ABB Grain H1 profit rises by 79%

ABB Grain Ltd, Australia's leading barley exporter and wheat export hopeful, said its first-half net profit rose 79 percent to A$33.6 million ($32.3 million), driven by higher grain receivals, according to Reuters, May 27.

This followed an 89.1 percent net profit fall to A$7.3 million in the full year to Sept. 30 because of drought. ABB's profit for half-year to March 31 last year had slumped by 58 percent to A$18.8 million.

ABB is Australia's largest barley exporter and has ambitions to become one of the country's major exporters of bulk wheat when the export system changes on July 1.


Hops News

USA: Hops shortage hitting US craft-breweries

The international shortage of hops -- the ingredient that adds aroma, body and bitterness -- is causing prices of the agricultural commodity to soar, industry officials say, according to AFP, May 26.

The origins of the hops shortage are linked to an oversupply a decade ago of the agent that provides flavors in beer that range from fruity to woody, said Paul Gatza, director of the Brewers Association.

The glut sent prices plunging and caused farmers to plant fewer acres to hops. That included hops growers in Washington, Oregon and Idaho, the states that produce the commercial supply of US hops.

At the same time, excess hops were converted to an extract to allow long-term storage and a supply that only now is being depleted despite the fact that production went below usage five years ago.

Add to that what Gatza and Washington-based hops broker Ralph Olson describe as today's global hops market, where weather and other conditions that affected hops harvests worldwide ramped up international competition.

"All the sudden last year, panic hit the street," said Olson, head of Hopunion, a leading supplier of hops to the craft brewing industry.

"It was, What do you mean you don't have hops? We want hops.' International brewers ...More Info

Scientific Digest

Effect of phosphoric fertilizers as a source of sulphur on malt barley total and technological grain yields

J. Potarzycki, W. Grzebisz Department of Agricultural Chemistry, Agricultural University, Poznań, Poland

Abstract
Malt barley production requires a technology increasing nitrogen use efficiency, because of a high sensitivity of barley total grain yield and quality parameters to external growth factors. In the conducted study an effect of two P fertilizers on the background of N application on total and technological grain yields were studied. The highest total grain yield was harvested on plots fertilized with 60 kg N/ha, irrespective of the P fertilizer type. However, the technological grain yield showed a high year-to-year variability; the highest was recorded in 2001 on the plot fertilized with 60 kg N/ha and the P-PAPR fertilizer. The N and S concentrations and N:S ratios in immature grains at harvest were used to evaluate both yield types. Nitrogen concentration in the final total yield allowed making yields prognosis with the highest probability. The maximum yields of technological malt barley were attainable provided that total S concentration in immature grains at harvest was above 0.23% and the N:S ratio was narrower than 8.0. Keywords: malt barley; maturity; immature grain fraction; nitrogen and sulphur indices; grain yields ... Load full article, 7 pages, 221 Kb, PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.5768 May 27, 2008 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  nq  nq  240.00  378.50 
2RS  Prestige  nq  nq  239.00  377.00 
2RS  Cellar  nq  nq  238.00  375.50 
2RS  Sebastien  nq  nq  237.00  374.00 
2RS  Astoria  nq  nq  237.00  374.00 
2RS  Cork   nq  nq  237.00  374.00 
6RW  Esterel   nq  nq  218.00  344.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.5768 May 27, 2008
Crop year 2007
Parity FOB Creil
Position July 2007
Type EURO USD
Feed Barley 167.00 263.50

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

Theoretical Malt Prices

EURO = USD 1.5768 May 27, 2008
Crop year  2007 
Parity  FOB Antwerp 
Position  May 2008 - Sep 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  532.50  839.50  556.50  877.00  548.00  864.50  562.50  886.50 
2RS  Prestige  531.50  837.50  555.00  875.00  547.00  862.50  561.00  884.50 
2RS  Cellar  530.00  836.00  554.00  873.00  545.50  860.50  560.00  882.50 
2RS  Sebastien  529.00  834.00  552.50  871.50  544.50  858.50  558.50  880.50 
2RS  Astoria  529.00  834.00  552.50  871.50  544.50  858.50  558.50  880.50 
2RS  Cork   529.00  834.00  552.50  871.50  544.50  858.50  558.50  880.50 
2RS   Average price  530.00  836.00  554.00  873.00  545.50  860.50  560.00  882.50 
6RW  Esterel   497.00  785.50  522.00  822.50  513.50  810.00  528.00  832.50 
Asia Malt 70/30  520.50  820.50  544.50  858.00  536.00  845.50  550.50  867.50 
**  Asia Malt 50/50  514.00  810.50  538.00  848.00  529.50  835.00  544.00  857.50 


EURO = USD 1.5768 May 27, 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  485.00  764.50  508.50  801.50  500.50  789.00  514.50  811.00 
2RS  Prestige  483.50  762.50  507.50  799.50  499.00  787.00  513.50  809.50 
2RS  Cellar  482.50  760.50  506.00  797.50  498.00  785.00  512.00  807.50 
2RS  Sebastien  481.00  758.50  504.50  796.00  496.50  783.00  511.00  805.50 
2RS  Astoria  481.00  758.50  504.50  796.00  496.50  783.00  511.00  805.50 
2RS  Cork   481.00  758.50  504.50  796.00  496.50  783.00  511.00  805.50 
2RS   Average price  482.50  760.50  506.00  797.50  498.00  785.00  512.00  807.50 
6RW  Esterel   456.50  721.50  481.50  759.00  473.50  746.00  487.50  768.50 
Asia Malt 70/30  475.00  749.00  498.50  786.00  490.50  773.50  504.50  795.50 
**  Asia Malt 50/50  470.00  741.00  493.50  778.50  485.50  765.50  499.50  788.00 

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

Table of the Week

World Barley Supply and Demand

Year Area
harvested
mln ha
Yeld
mt/ha
Production
mln mt
Exports
mln mt
Feed dom.
Consumption
mln mt
Domestic
consumption
mln mt
Ending stoks
mln mt
1986/87 79.6 2.2 178.1 18.3 132.1 173.8 33.8
1987/88 78.7 2.2 175.4 18.3 129.6 173.5 33.6
1988/89 76.4 2.2 164.4 19.0 121.9 166.3 31.7
1989/90 73.7 2.3 166.1 18.5 126.0 170.4 27.5
1990/91 72.9 2.5 179.5 19.6 130.8 175.5 31.5
1991/92 76.5 2.2 169.8 19.4 120.3 166.5 34.8
1992/93 73.1 2.3 166.2 16.4 119.0 165.6 34.9
1993/94 73.8 2.3 168.9 18.8 123.8 169.1 34.8
1994/95 72.8 2.2 160.7 15.3 120.9 165.6 29.9
1995/96 68.6 2.1 141.2 13.4 107.8 150.7 20.4
1996/97 65.6 2.3 153.1 17.9 106.3 149.5 23.9
1997/98 64.5 2.4 153.9 12.8 104.1 145.9 31.9
1998/99 60.8 2.2 136.0 17.8 99.5 139.4 28.6
1999/00 54.5 2.3 127.4 17.8 94.0 132.5 23.5
2000/01 53.9 2.5 133.1 16.2 94.7 134.4 22.2
2001/02 56.3 2.5 143.3 17.2 95.6 136.7 28.9
2002/03 56.2 2.4 135.0 16.3 95.0 137.1 26.7
2003/04 59.8 2.4 142.5 14.8 102.6 146.7 22.5
2004/05 58.0 2.6 152.7 17.0 99.8 142.4 32.8
2005/06 56.2 2.4 136.8 17.4 96.6 141.1 28.4
2006/07 57.5 2.4 137.7 14.4 101.2 145.5 20.6
2007/08 57.6 2.3 134.3 14.9 94.8 138.5 16.3
2008/09 55.7 2.5 141.8 18.0 94.9 140.3 17.9
Source: USDA, May 2008
Graph of the Week



These Days in Business History
May 26
1781 Bank of North America incorporates in Philadelphia
1896 Dow Jones begins an index of 12 industrial stocks (closing is 40.94)

May 27
1895 British inventor Birt Acres patents film camera/projector
1952 European Defense Community forms
1969 Walt Disney World construction begins

May 28
1783 Benjamin Tower of Philadelphia publishes 1st daily newspaper in U.S.
1849 Patent for lifting vessels granted to Abraham Lincoln
1863 Georg Adler, German state economist is born
Agenda