If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?4765
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 32b
August 06 - August 10, 2008
Open!
Click here to get full size Newsletter


Quote of the week

"Maintaining a customer oriented approach with a positive attitude toward service are the keys to a successful business."
Dan Brent Burt
Currency Rates
Base Currency: Euro, EUR
on 07-August-2008

1 EUR = 1.5461 USD
1 EUR = 0.7915 GBP
1 EUR = 1.6145 CAD
1 EUR = 1.6908 AUD
1 EUR = 168.036 JPY
1 EUR = 2.4412 BRL
1 EUR = 36.4849 RUB
1 EUR = 10.606 CNY
Base Currency: US Dollar
on 07-August-2008

1 USD = 0.6468 EUR
1 USD = 0.5119 GBP
1 USD = 1.0442 CAD
1 USD = 1.0936 AUD
1 USD = 108.687 JPY
1 USD = 1.5789 BRL
1 USD = 23.5975 RUB
1 USD = 6.8597 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

August 07, 2008

Type Crop 2007 Crop 2008
2rs Barley nq   €193.0-195.0 1.02%
6rw Barley nq   €173.0-175.0 2.79%
2rs Malt €536.5-538.5 €432.5-434.5 0.57%
6rw Malt €503.5-505.5 €407.0-409.0 1.57%
Feed Barley nq   €151.0-153.0 3.18%

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

China: Tsingtao Brewery to focus on cost reduction ...Click here
South Africa: Heineken to launch a new South African brewery in June 2009 ...Click here
Russia: Baltika Breweries reveals successful financial results for H1 2008 ...Click here
Czech Republic: Beer market report forecasts stable beer sales for 2007 - 2012 ...Click here
Chile: Leading brewer CCU registers a 31.9 % increase for H1 net profit ...Click here
Singapore: Asia Pacific Breweries reports 34% increase in net profit for Q3 ...Click here
Canada & USA: Molson Coors – higher sales and low earnings per share for Q2 2008 ...Click here
EU: Malt market survey still shows tight malting capacities ...Click here
Canada: Barley production is forecast to decrease by 4% for 2008/2009 ...Click here
World: World barley markets outlook for 2008 – 2017 ...Click here
Europe: Feed barley prices on the decline, malting barley expected to fall as well ...Click here




UK: Harvest Report 2008 – winter barley almost harvested ...More Info
Belarus: Belarus beer import increases by 58.1% ...More Info
USA: Boston Beer Q2 profit exceeds market estimates ...More Info
Bulgaria: Record 901 707 tons of barley in 16 years ...More Info
UK: 2012 London Olympics may be washed down by beer £5 a pint ...More Info
USA: Feed and malting barley – yield, market, prices ...More Info
Australia: GLA licenses malting barley export to Asia and feed barley – to the Middle East ...More Info
Russia: SABMiller to brew dark Velkopopovicky Kozel in Russia ...More Info
Algeria: Algeria announced a tender on feed barley ...More Info
Ukraine: 6 mln tonnes of the 11.19 mln barley harvested are planned for export in 2008/2009 ...More Info
USA: Mckinley Capital Management reduces holdings in Boston Beer ...More Info
Jordan: Barley prices to be lowered for importers and livestock owners ...More Info
Go to our news database with more than 13263 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

China: Tsingtao Brewery to focus on cost reduction

Tsingtao Brewery Co. Ltd., China's number two beer maker, said it would focus on reducing costs to maintain profit margins as there was little room to raise product prices as market growth slows, Reuters reported on August 6.

According to Chairman Jin Zhi Guo, the company’s focus will be on cost reduction (in addition to the earlier announced cuts of investments).

"We will make some adjustment in prices of our premium brands, but I can tell you the extent will not be large," he said.

ABN AMRO said Tsingtao's average barley price could increase this year by 50 percent in China, the world's largest beer market by volume.

One of the sponsors of the forthcoming Beijing Olympics, Tsingtao in April posted an 18 percent slide in 2007 second-half earnings as strong sales failed to offset higher tax rates and barley prices.

Jin said rising cost of production was a challenge for many companies but for firms like Tsingtao it was an opportunity to upgrade their operations, reduce costs and become more efficient.

"This pressure from rising costs is a good opportunity for Chinese industry to become more efficient, weed out the weak and let the strongest survive," he said.

The maker of China's most famous beer brand ...More Info


South Africa: Heineken to launch a new South African brewery in June 2009

The construction of international brewer Heineken’s first South African brewery would be accelerated, building contractor Grinaker-LTA was quoted as saying by Engineering News on August 7.

The company, which formed part of the JSE-listed Aveng group, has been awarded the R549-million contract to build the brewery South East of Johannesburg.

According to a media statement, the building contractor Grinaker-LTA is working on a “fast-track construction programme” and the new brewery will be completed by June next year.

Heineken’s new 70 000 m2 brewery is designed to brew a range of Heineken and Diageo brands. Initially it completion was planned for the end of 2009.

Amm said that Grinaker-LTA’s building and civil engineering business units were undertaking the project in a 50:50 joint venture.

“The programme is very tight as process contractors are required to be given access to each building and sections of each building on sectional completion dates,” he stated.

The brewery would comprise production buildings and cool cellars, as well as a bottling and distribution warehouse for Heineken SupplyCo, the brewing and distribution company for beer brand Amstel.


Russia: Baltika Breweries reveals successful financial results for H1 2008

Baltika Breweries, the leader on the Russian beer market, announced financial results for H1 2008, the company’s official site reported on August 5.

In H1 2008, Baltika’s operating profit increased by 11.9 % (€286.7 mln to €256.1 mln in 2007). Total sales volume amounted to 23.2 mln hl (+6.1% compared to H1 2007), of which 22.8 mln hl was beer sold — 6.0% more than last year.

The company’s net profit grew by 13.5% (€213.6 mln against €188.2 mln last year).

Sales revenue in 2008 amounted to €1246.8 mln from €1067.3 mln in 2007 (+16.8%).

Gross profit: €611.9 mln compared to €552.9 mln last year give a10.7% increase.

EBITDA grew by 13.0% (€359.0 mln against €317.8 mln last year).

In July 2008, the Financial Times 500 ranking for the second time in a row listed Baltika Breweries as the largest FMCG company in Eastern Europe in terms of market capital.

Baltika’s success on the Russian beer market and abroad

According to Company estimates, the Russian beer market grew by 2.4% in H1 2008. Growth was especially strong for the licensed and premium beer, whereas demand for beer in the economy segment declined. Growing category inflation driven by excise and input prices growth significantly influenced the beer market.

Nevertheless, during ...More Info


Czech Republic: Beer market report forecasts stable beer sales for 2007 - 2012

The Czech alcoholic drinks market is slightly changing its direction towards positive growth, it is asserted in a report published by MarketWatch on August 5. Beer sales are expected to be stable over 2007 – 2012, mainly because of a strong performance by low-/non-alcohol beer as well as healthy beer sales in the tourism industry.

Each sector in the Czech alcoholic drinks market is dominated by international players. As the strongest players in beer, the biggest sector in Czech alcoholic drinks, SABMiller and InBev are the overall leaders at GBO level, followed by Oetker-Gruppe, thanks to its strong position in wine. Only the two leaders hold shares of more than 5%, indicating the fragmented nature of the market due to the strong preference for smaller local brands in beer and wine.

As for sales growth, beer is expected to be static, the analysts believe. If women are noticeably switching to wine, beer is becoming more of a drink for the country's youth and/or males.

All sectors of the alcoholic drinks market are seeing increasing prices, resulting in slower volume growth. The Czech market is very mature with very high consumption levels and premiumisation is one of the options for manufacturers to ...More Info


Chile: Leading brewer CCU registers a 31.9 % increase for H1 net profit

Chile’s largest brewer CCU announced a 31.9 % increase of its first-half net profit compared to the same period a year earlier, Reuters informed on August 6.

The company’s success was boosted by the sales increases in Argentina, it is reported.

According to CCU, net profit rose to 46.177 billion pesos ($87.8 million) from 35.022 billion pesos last year, as revenue increased 9 percent to 336.726 billion pesos. Earnings per share increased to 145 pesos from 110 pesos.

The company said first half unit sales volumes rose 12 percent over last year, led higher by its Argentine beer division, which saw volumes rise 29 percent.

First half operating profit rose 14.4 percent to 56.522 billion pesos from 49.425 billion pesos. While dominating the Chilean beer market, CCU is also Argentina's second-largest beer producer, and bottles soft drinks, fruit juices, wine, mineral water and Pisco, a local brandy.

($1 = 526.05 Chilean pesos at the end of June)


Singapore: Asia Pacific Breweries reports 34% increase in net profit for Q3

Asia Pacific Breweries announced its unaudited results for the third quarter ended 30 June 2008 on its official site on August 7.

The company’s attributable net profit before exceptional items (APBE) grew 34% or S$10.7 million to S$42.5 million. Group profit before interest and tax (PBIT) rose 28% or S$17.4 million to S$78.7 million.

Excluding translation differences, gestation losses (i.e. the first 3 years' results from greenfield breweries in Laos, Mongolia and Hyderabad, India) and non-recurring items (i.e. a one-time recovery of business development expenses previously incurred on behalf of a Vietnam subsidiary), APBE increased organically by S$15.8 million or 54% to S$45.0 million; while organic PBIT reached S$88.7 million, up S$29.3 million or 49%.

YTD (9 months)

For the nine-month period ended 30 June, APBE grew about S$22 million or 20% to S$132.9 million; while PBIT reached S$247.7 million, up 18% or S$38 million from last year.

Excluding translation differences, gestation losses and non-recurring items, organic APBE rose 30% or S$32.6 million to S$142.3 million; while organic PBIT gained 28% or S$58.8 million to S$269 million.

Mr Koh Poh Tiong, Chief Executive Officer, APB said, "Building on the positive momentum in the 1st half of the financial year, very satisfactory results were ...More Info


Canada & USA: Molson Coors – higher sales and low earnings per share for Q2 2008

Molson Coors Brewing Company reported higher sales volume and net sales and lower earnings per share for the fiscal second quarter ending June 29, 2008, the company’s official site posted on August 5.

Key results for the Company's fiscal second quarter ended June 29, 2008, compared to the fiscal second quarter ended July 1, 2007, include the following:

- A major achievement during the quarter was the formation of MillerCoors, creating a single, stronger, more competitive American brewer with a powerful portfolio of brands and economies of scale to win in the U.S. beer market. - Net sales increased 4.8 percent to $1.76 billion. - Net sales per barrel increased 3.9 percent. - Sales volume increased 0.9 percent to 11.6 million barrels, or 13.6 million hectoliters (HLs). - Total Company sales-to-retail (STRs) rose 2.3 percent. - Cost of goods sold per barrel increased 5.9 percent. - Marketing, general and administrative expenses rose 1.4 percent. - Income from continuing operations, a U.S. GAAP earnings measure, was $93.3 million after tax, compared to $184.3 million in the second quarter of 2007. The change is attributable to higher special charges, increased energy and commodity inflation in all markets, and a higher effective tax rate ...More Info


Malt News

EU: Malt market survey still shows tight malting capacities

Slow beer sales have led to local postponements of malt shipments and created purchase opportunities of spot malt, market researches show.

This, however, has not influenced the malt market on the whole, because malting capacities are still tight, as new malthouse construction is slow as well. High construction cost will definitely limit the expansion of malting capacities, because new factories must work with a much higher malting cost than existing factories.

The constant increases of the cost of energy and transport have pushed malting margins to EUR 140,-/150,- per ton.

Maltsters in the EU are relaxed, because they have sold the bulk of their production for 2009, and they know that a number of brewers must still buy malt for next year, experts report.


Barley News

Canada: Barley production is forecast to decrease by 4% for 2008/2009

Canada barley production is forecast by Statistics Canada to decrease by 4%, as the decline in area is partly offset by higher yields Agriculture and Agri-Food Canada (AAFC) communicated on July 2. Barley Supply is expected to fall by 7% due to lower carry-in stocks.

Total barley exports are expected to decrease significantly due to lower exports of feed barley while exports of malting barley are forecast to remain stable. Carry-out stocks are forecast to remain stable at near record low levels. The average off-Board feed barley price is forecast to increase from 2007-08 due to lower supply and higher US feed grain prices.

Canada production of grains and oilseeds (G&O) for 2008-09 is forecast by Statistics Canada to increase to about 64 million tonnes (Mt) from 60 Mt in 2007-08.

It is assumed that precipitation will be normal for the remainder of the growing and harvest periods, and that the abandonment rate and crop quality will be normal. Slightly above trend yields are now expected for most crops in western Canada, due to improved moisture and warmer weather. Normal yields are expected for eastern Canada.

World and Canadian prices for G&O are expected to remain historically high due to strong demand ...More Info


World: World barley markets outlook for 2008 – 2017

Recent developments

Barley is the second most important coarse grain traded internationally after maize. Malting and feed barley producers normally enjoy different margins with malting barley drawing a price premium on the market. Feed barley prices increased significantly in 2007/08 due to strong international demand, limited feed barley supplies caused by supply problems in Australia and Ukraine and high prices for other grains. They were also high relative to the prices of malting barley. Projected feed barley prices fall to a more usual level relative to the price of malting barley in 2008/09. International demand for malting barley is strengthened by strong growth in beer demand in many developing countries, China included, due to growth in income and population aided by foreign investment. The expansion of brewing results in China becoming the world’s largest malting barley importer.

Outlook for world consumption

World total barley consumption is holding strong albeit does not show the signs in escalation as other coarse grains, such as maize, do. FAPRI projects an increase in the world consumption from 138 million metric tons in 2007/8 to 151 million tonnes at the end of the projection period.

USDA projections are more moderate, with an increase in total consumption from 131 ...More Info


Europe: Feed barley prices on the decline, malting barley expected to fall as well

Prices for feed barley are on the decline this week, and the market has not regained its interest for malting barley, La Dépêche posted on August 6.

Barley prices were slightly revived by the purchase of Egyptian wheat. The market activity regarding feed barley remains limited. It should be mentioned, however, that Brussels certified 150.000 tonnes of which 50.000 tonnes in France. For malting barley, the situation is reported to have remained stable, though a decline for prices is to be expected due to the harvest. The market is focused on the crops (announced to be very good) from France, Germany, and Great Britain, waiting at the same time for the results on quality and quantity of the malting barley from Northern Europe, particularly from Denmark.

Scientific Digest

Antioxidant Properties of Free, Soluble Ester and Insoluble-Bound Phenolic Compounds in Different Barley Varieties and Corresponding Malts

Markéta Dvoráková, Luis F. Guido, Pavel Dostálek, Zuzana Skulilová, Manuela M. Moreira, and Aquiles A. Barros

Abstract

J. Inst. Brew. 114(1), 27–33, 2008 Ten different barley cultivars and their corresponding malts were used to obtain different fractions. Phenolics extracted belonged to free, soluble esters and insoluble-bound fractions. Total phenolic content (TPC) of the free fraction, as measured according to the Folin-Ciocalteu method, ranged from 37.7 to 167.2 mg gallic acid equiv/kg of dried material (GAE/kgdw) for barley and between 34.1 and 72.3 mg GAE/kgdw for malt. The bound phenolic content ranged from 210.3 to 320.5 and between 81.1 and 234.9 mg GAE/kgdw for barley and malt, respectively. The contribution of bound phenolics to the TPC was significantly higher than that of free and esterified fractions. Catechin and ferulic acid, quantified by high performance liquid chromatography with diode array detector (HPLC-DAD), were the most abundant phenolics in the free and bound fractions, respectively. The p-coumaric acid content was lower in hulless genotypes, as compared to hulled genotypes, showing that it is mainly concentrated in the hull. The antioxidant activities of the phenolic fractions were investigated using the radical scavenging assay (DPPH) and ferricyanide reducing power. The bound phenolics demonstrated a significantly higher antioxidant capacity compared to the free and esterified phenolics. During the malting process, a significant decrease of the bound phenolics was observed with a corresponding increase of the esterified fraction. Key words: Antioxidant properties, barley, free phenolics, insoluble- bound phenolics, soluble ester phenolics, malt. Load full article, 7 pages, 558 Kb, PDF file

Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.5461 August 07, 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  196.00  303.50 
2RS  Prestige  nq  nq  195.00  301.50 
2RS  Cellar  nq  nq  194.00  300.00 
2RS  Sebastien  nq  nq  193.00  298.50 
2RS  Tipple  nq  nq  193.00  298.50 
2RS  Henley  nq  nq  193.00  298.50 
6RW  Esterel   nq  nq  174.00  269.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.5461 August 07, 2008
Crop year 2008
Parity FOB Creil
Position July 2008
Type EURO USD
Feed Barley 152.00 235.00

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

Theoretical Malt Prices

EURO = USD 1.5461 August 07, 2008
Crop year  2007 
Parity  FOB Antwerp 
Position  Aug 2008 - Sep 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  540.00  834.50  571.00  882.50  563.50  871.00  577.50  893.00 
2RS  Prestige  538.50  832.50  569.50  881.00  562.00  869.00  576.50  891.00 
2RS  Cellar  537.50  830.50  568.50  879.00  561.00  867.00  575.00  889.00 
2RS  Sebastien  536.00  828.50  567.50  877.00  559.50  865.00  574.00  887.00 
2RS  Tipple  536.00  828.50  567.50  877.00  559.50  865.00  574.00  887.00 
2RS  Henley  536.00  828.50  567.50  877.00  559.50  865.00  574.00  887.00 
2RS   Average price  537.50  830.50  568.50  879.00  561.00  867.00  575.00  889.00 
6RW  Esterel   504.50  781.50  536.50  829.50  529.00  817.50  543.00  839.50 
Asia Malt 70/30  527.50  816.00  559.00  864.00  551.50  852.50  565.50  874.50 
**  Asia Malt 50/50  521.50  806.00  552.50  854.50  545.00  842.50  559.00  864.50 


EURO = USD 1.5461 August 07,2008 
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  436.00  674.50  467.50  722.50  459.50  710.50  474.00  732.50 
2RS  Prestige  435.00  672.50  466.00  720.50  458.50  708.50  472.50  730.50 
2RS  Cellar  433.50  670.50  465.00  718.50  457.50  706.50  471.50  728.50 
2RS  Sebastien  432.50  668.50  463.50  716.50  456.00  705.00  470.50  727.00 
2RS  Tipple  432.50  668.50  463.50  716.50  456.00  705.00  470.50  727.00 
2RS  Henley  432.50  668.50  463.50  716.50  456.00  705.00  470.50  727.00 
2RS   Average price  433.50  670.50  465.00  718.50  457.50  706.50  471.50  728.50 
6RW  Esterel   408.00  632.50  440.50  680.50  432.50  668.50  447.00  690.50 
Asia Malt 70/30  426.50  659.00  457.50  707.50  450.00  695.50  464.00  717.50 
**  Asia Malt 50/50  421.50  651.50  452.50  699.50  445.00  687.50  459.00  709.50 

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

Table of the Week

Preferred Alcoholic Beverage in USA

Among Drinkers Liquor % Wine % Beer %
  2005-2006  2007-2008  2005-2006  2007-2008  2005-2006  2007-2008 
Aged 18 to 29  32  33  16  19  48  45 
Aged 30 to 49  21  21  37  27  40  47 
Aged 50+  20  18  45  43  30  33 
Source: GALLUP POLL, July 2008
Graph of the Week



These Days in Business History
August 7
1888 Theophilus Van Kannel of Philadelphia patents revolving door
1928 The dollar shrinks, literally: the US Treasury unveiled a new version of the note that was one third smaller than its predecessor
1959 Explorer 6 transmits 1st TV photo of Earth from space

August 8
1709 1st known ascent in hot-air balloon, Bartolomeu de Gusmao (indoors)
1876 Thomas Edison patents mimeograph (stencil duplicator or the printing machine)
1896 The Dow Jones Industrial Average, less than three months old, hits the lowest level ever recorded: 28.48, down 30.5% in just ten weeks.
August 9
1874 Harry S Parmelee patents sprinkler head
1945 US drops 2nd atomic bomb "Fat Man" on Japan destroys part of Nagasaki
1976 USSR launches Luna 24, last Lunar flight to date from Earth

August 10
1500 Diego Diaz discovers Madagascar
1961 England applies for membership in the European Common Market
1981 Coca-Cola Bottling Co agrees to pump $34 million into black business
1988 UN estimates Asia's population hit 3 billion
Agenda