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Click here to get full size Newsletter
"Nothing great will ever be achieved without great mean, and men are great only if they are determined to be so."
Charles De Gaulle
Base Currency: Euro, EUR on 24-October-2008
1 EUR = 1.282 USD 1 EUR = 0.791 GBP 1 EUR = 1.6149 CAD 1 EUR = 1.9293 AUD 1 EUR = 124.912 JPY 1 EUR = 3.0209 BRL 1 EUR = 34.5757 RUB 1 EUR = 8.7887 CNY
| Base Currency: US Dollar on 24-October-2008
1 USD = 0.7801 EUR 1 USD = 0.617 GBP 1 USD = 1.2597 CAD 1 USD = 1.5049 AUD 1 USD = 97.4407 JPY 1 USD = 2.3563 BRL 1 USD = 26.9693 RUB 1 USD = 6.8553 CNY
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Note:
Just click on the price link and you will be led to our Market
Price History. Average barley market prices are French and are
estimated on FOB Creil basis.
Average Malt Prices are theoretical and based FOB Antwerp being
estimated on French malting barley.
The changes are compared to last Newsletter's
prices. Arrows indicate the direction of the change.
Japan & China: Asahi Breweries to boost production of a joint venture with Tsingtao, eyes Vietnamese beer market
...Click here
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Denmark & France: Carlsberg’s Brasseries Kronenbourg embarks on a turnaround plan
...Click here
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Japan: Suntory’s beer division to gain profits surpassing 1 billion yen this financial year – Suntory president
...Click here
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Denmark & Sri Lanka & India: Carlsberg and Sri Lanka’s Lion Brewery to operate a new brewery in India in about six months
...Click here
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Czech Republic: Czech beer officially protected as of October, 14
...Click here
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The Netherlands & Spain: Inauguration of Heineken’s new brewery in Seville attended by Juan Carlos I of Spain
...Click here
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Germany: Beer and malt industries encouraged by the nation’s large barley crop
...Click here
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World: World barley production estimates raised to 153.4 mln tonnes
...Click here
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United Kingdom: A booming crop brings the UK 3.481 million tonnes of spring and 2.841 million tonnes of winter barley
...Click here
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Japan: Third-category beer gains strength amid recession
...More Info
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United States: Anheuser-Busch to pay $2.5 million in legal fees to settle shareholders’ lawsuits
...More Info
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United Kingdom: HGCA reports interim results from this year’s barley quality survey
...More Info
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The Netherlands & Romania: Heineken Romania to invest next year in modernization rather than expansion - CEO
...More Info
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United States: Anheuser-Busch to pay quarterly common stock dividend on November, 10
...More Info
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Canada: Manitoba province reports average barley yields and malt grading
...More Info
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Colombia: SABMiller’s Colombian subsidiary launches a new brewery
...More Info
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Canada: Alberta crop centre develops a very promising malting barley variety
...More Info
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Latvia: Aldaris Brewery appoints new CEO, forecasts decline for Latvia’s beer market
...More Info
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Romania: Brewers cut down on advertisement expenditures amid financial crisis
...More Info
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Australia & Saudi Arabia: Australian and Saudi research centres to cooperate in barley breeding
...More Info
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Japan & China: Asahi Breweries to boost production of a joint venture with Tsingtao, eyes Vietnamese beer market
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Asahi Breweries Ltd. is planning to strengthen its tie-up with major Chinese beer maker Tsingtao Brewery Co. in a bid to boost sales in Asia, Jiji Press cited President Hitoshi Ogita on October, 22.
Asahi cannot survive escalating competition in China by itself and Tsingtao Brewery is the best partner in the country, Ogita said.
Specifically, the CEO noted, Asahi will boost beer production capacity at its joint venture with the Chinese firm, raising its annual total for 2010 by some 50 pct to 330,000 kiloliters from an estimated 210,000 kiloliters for 2008.
Asahi, which has so far spent 2.23 million yen to boost capacity at the joint venture, Shenzhen Tsingtaobeer Asahi Co. Ogita described the joint venture as a supply base in Asia.
Established in 1997 by Asahi, trading house Itochu Corp. and Tsingtao Brewery, the joint venture makes Asahi's flagship Super Dry beer and Tsingtao Beer for sales in China, Cambodia, South Korea and India.
Asahi also hopes to bolster its ties with Tsingtao Brewery in the fields of marketing strategy and quality assurance, Ogita said.
His comments come at a time when Asahi is interested in acquiring an equity stake in Saigon Alcohol Beverage Corp., a major Vietnamese brewer, as part of its
...More Info
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Denmark & France: Carlsberg’s Brasseries Kronenbourg embarks on a turnaround plan
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Carlsberg’s French subsidiary Brasseries Kronenbourg has announced a turnaround plan for the company built on a new brand strategy and a commercial strengthening, European Investor published on October, 23.
The objective is to make the company dedicated to satisfy the needs of customers and consumers and thereby improve the market share and the profitability. Besides, the plan includes re-launch of the main brands Kronenbourg and 1664, the company reported.
The plan is expected to result in a complete reorganisation of the company. All locations, all functions and all levels are in scope. All processes will be reviewed, as well as all the organisational charts and all job functions. The outcome will be a clearer, simpler and more efficient organisation. By the end of 2010 this reorganisation should impact 214 out of 1400 employees.
The French beer market has been declining for many years and not least the last two years. The decline is due to strong legislation which is getting more and more restrictive and to a general economic slowdown. Even as market leader Brasseries Kronenbourg is losing market share.
“Our strategic plan will help us increase the sales, win back market shares, stay competitive and restore the profitability. From 2009
...More Info
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Japan: Suntory’s beer division to gain profits surpassing 1 billion yen this financial year – Suntory president
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Profits of Suntory's beer division will surpass 1 billion yen in the year ending this December and take the company's beer business into the black for the first time since its start in 1963, Suntory President Nobutada Saji was quoted as saying by Mainichi News on October, 22.
In addition to its aggressive price strategy, the company's "The Premium Malt's" brand has also proved highly popular with consumers, Saji said.
While rising ingredient costs are expected to increase production costs by 4 billion yen, a 10 percent cut in promotional spending, and improved sales will make up for the rising costs, he added.
The CEO announced that the company was planning to acquire at least three companies whose turnover is around 70 billion yen each in the food and drink industry based mainly in Asia.
He also downplayed the prospects of a future price hike in soft drinks.
"We planned to raise the price (of all our vending machine drinks) by 10 yen next spring, but given the economic conditions, we're carefully re-examining the idea," he said.
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Denmark & Sri Lanka & India: Carlsberg and Sri Lanka’s Lion Brewery to operate a new brewery in India in about six months
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Carlsberg’s South Asia Breweries is expecting its new Singur brewery to be ready next year, India’s Express News Service reported on October, 22.
The Danish company has reportedly invested nearly Rs 70-80 crore in the manufacturing unit.
“Our West Bengal unit will be ready in about six months,” said Pradeep Gidwani, managing director of Carlsberg and South Asia Breweries.
The Singur brewery is a joint venture of South Asia Breweries and Sri Lanka’s Lion Brewery Ceylon Ltd.
“We aim to create a new brand of super-premium beer in India. Carlsberg will mainly focus on its target consumers — urban Indian males, aged 25-35 years,” Gidwani said.
He added that the beer industry has become extremely competitive in India and they hope to acquire 10 per cent of the market share for mild beer in the country in the next one year.
”India has been one of our strategic investment locations across the world. And once we identify some country as a strategic investment destination, we certainly have long-term plans,” Gidwani said.
The company already has three breweries in India - in Maharashtra, Rajasthan and Himachal Pradesh.
“Once all our four breweries in India are up and running and once we successfully ramp up capacities
...More Info
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Mexico: Experts’ outlook on Mexico’s beer market
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The Mexican brewing industry is to get ready for a shake-up following the takeover of Anheuser-Busch by InBev, Research and Markets experts claimed in a report on October, 21.
As Anheuser-Busch owns a 50% stake of Mexico's largest brewery, Grupo Modelo, this acquisition will surely have consequences for the dynamic but highly competitive Mexican market. Offering high per capita beer consumption and strong growth, Mexico is an attractive market for the world's major brewers but so far the market has remained largely under the control of two domestic firms: Grupo Modelo and Femsa Cerveza.
However, the arrival of InBev could upset this balance and lead to a period of consolidation, experts state.
Set to be the world's largest brewer, the newly formed Anheuser-Busch InBev will be looking to maximise the return from its Mexican assets. Relations between Anheuser-Busch and Grupo Modelo had been decidedly frosty but the arrival of InBev, with its wealth of experience operating in Latin America, is likely to present a number of opportunities that Grupo Modelo should be keen to exploit.
According to experts, these opportunities are likely to include the expansion of Grupo Modelo's brands in other Latin American markets such as Brazil, and the arrival of InBev's
...More Info
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Czech Republic: Czech beer officially protected as of October, 14
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Czech beer has been given officially protected status as of Oct. 14, when it was added to the European Commission’s Index of Protected Designations of Origin, the Prague Post published on October, 22.
The Czech Industrial Property Office filed an application to Brussels four years ago, shortly after the Czech Republic entered the EU. “No objections against the name ‘Czech Beer’ as a protected geographical indication were made,” said Agriculture Minister Petr Gandalovič.
Any brew labelled “Czech Beer” must now follow certain traditional brewing criteria and be made in the Czech Republic. The recipe must use precise ingredients, and the final product must have a certain quality of colour, taste and foam, as well as an alcohol content of 2.6–6 percent.
“The concept of Czech beer was always used, but nobody ever knew where the definition started and where it ended. This way, we’ve defined something that is ours,” said Jan Veselý, director of the Czech Beer and Malt Association.
The Czech beer market has 48 large industrial breweries and 73 smaller breweries which together produce nearly 400 brands, many boasting long and storied traditions.
“The protected designation might not mean so much for large, well known breweries such as Budweiser and Prazdroj, which are
...More Info
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The Netherlands & Spain: Inauguration of Heineken’s new brewery in Seville attended by Juan Carlos I of Spain
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Heineken International announced on October, 22 the official opening of its newest brewery in Seville, by His Majesty, King Don Juan Carlos I of Spain.
The brewery, nicknamed “Jumbo”, because of its scale and size, is the most modern and technologically advanced in Europe, the Dutch brewer said.
Commenting on the opening, Didier Debrosse, Regional President Western Europe of Heineken N.V. said: “This new brewery demonstrates our ongoing commitment to the Spanish brewing industry and our intention to maintain our market leadership."
Carlos de Jaureguízar, Managing Director of Heineken España, said: “Today marks a significant step forwards for Heineken’s business in Spain. The Seville brewery will now have increased annual production capacity of 5 million hectolitres and state of the art technology will also significantly enhance our environmental credentials.”
As reported by Heineken, investment in the project totalled EUR 260 million.
Heineken Spain owns five breweries in Madrid, Valencia, Seville, Jáen and Arano (Navarra) and brews the Heineken, Amstel, Cruzcampo (Spain’s best selling beer brand), Buckler and Kaliber brands.
In 2007, consolidated beer volume of Heineken España totalled 11.4 million hectolitres.
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Germany: Beer and malt industries encouraged by the nation’s large barley crop
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Germany’s beer and malt industries are to reap the abundant fruits of the country’s large barley crop this year, Reuters cited the head of Germany’s malt producers association on October, 23.
In 2007, the nation’s grain harvest was sharply cut by bad weather, and brewers faced tight and expensive supplies of malt. But this year’s malting barley crop is much larger and prices are falling, Michael Lerch, chief executive of the Association of German Malt Producers, said.
According to the association’s estimates, this year’s German harvest of malting barley is 1,555,000 tonnes, up from 1,138,000 tonnes in 2007.
Malting barley prices are now around 180 euros a tonne against 280 euros a tonne offered before the harvest and peaks of 300 euros a tonne earlier in the year, it is reported.
"The malt market is now returning to normal levels after the tightness following the poor crop in 2007," he said. "Overall we are satisfied with the harvest and the picture is looking considerably better than this time last year."
Experts said German malting barley imports were likely to be reduced to a normal level of about 500,000 to 600,000 tonnes.
Last season the import requirement was several hundred thousand tonnes higher but poor harvests in
...More Info
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World: World barley production estimates raised to 153.4 mln tonnes
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According to estimates of the economic Research Service of the US Department of Agriculture, world barley production projected for 2008/09 increased 3.5 million tonnes this month to 153.4 million tonnes, All about Feed published on October, 22.
EU-27 barley is forecast up 1.6 million tonnes to 64.4 million, the highest level in 11 years, experts said.
The largest increases are for Spain, Sweden, and France, all reporting increased yields, with Sweden also revising area up.
Russia harvested 23.7 mln tonnes of barley from 93% of the area planted with this grain as of October, 13.
US barley production is raised 0.5 million tonnes to 5.2 million. Canada and Belarus also reported increased barley production.
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United Kingdom: A booming crop brings the UK 3.481 million tonnes of spring and 2.841 million tonnes of winter barley
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Revised estimates from the NFU confirm that this year’s barley harvest was a big one in the UK, despite the difficult conditions, Farmers Guardian communicated on October, 22.
UK spring barley production is estimated to be up by 27 per cent to 3.481 million tonnes, partly as a result of a 7.4 per cent increase in yields on 2007, but mainly due to an 18.3 per cent rise in plantings, experts reported.
Average winter barley yield was up by an estimated 10.5 per cent. Total UK production was up 21.5 per cent to 2.841 million tonnes.
“In the coming months we will view data on any change on planted area for the 2009 harvest with great interest,” said Ian Backhouse, chairman of the NFU combinable crops board.
“We believe farmers’ decisions are more likely to reflect the return to the difficult economic conditions of 2005, with increasing energy costs and particularly the rising price of fertiliser.”
An accurate picture of the harvest in Scotland is not yet available, experts reported.
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Does Beer Contain Compounds That Might Interfere with Cholesterol Metabolism?
Robert Muller, Sam Walker, John Brauer1 and Maria Junquera
Abstract
J. Inst. Brew. 113(1), 102–109, 2007
Elevated blood cholesterol is a problem for many people. Although
a significant proportion of this cholesterol arises from
metabolism within the body, approximately 50% comes from
our diet. Certain plant sterols (phytosterols) are known to inhibit
the absorption of this dietary cholesterol by the human body, and
there are now several commercially available food products that
contain these phytosterols. Barley malt, yeast and hops also
contain phytosterols or similar materials that might potentially
act as inhibitors of cholesterol uptake but this effect has not been
studied. In this work we examine one aspect of the potential for
competition between cholesterol and selected beer components
when binding to a protein. The method used was ligand docking.
This uses computer modeling to examine the binding energies
expected when the ligand (e.g. cholesterol or analogue) binds to
a protein. The two proteins examined were both natural cholesterol
binding proteins. The cholesterol analogues, sitosterol
(from barley) and ergosterol (from yeast), had similar binding
energies to cholesterol and thus had potential for competition.
Other molecules (iso-xanthohumol, 8-prenylnaringenin (8PN)
and iso-humulone) had lower binding energies suggesting that
they would not compete effectively. Standard beers normally
contain very low levels of either sitosterol or ergosterol, although
some wheat beers that contain high levels of yeast may
contain elevated levels of ergosterol. We have also developed a
beer that contains elevated levels of sitosterol by incorporating
whole grain material. The level of -sitosterol in these beers was
still very low and even a whole grain beer would not contain
sufficient of the cholesterol analogues to completely inhibit cholesterol
uptake or transport.
Key words: Binding energy cholesterol, ergosterol, protein,
sitosterol.
Load full article, 8 pages, 5540 Kb, PDF file
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French Malting Barley Prices. Nominal prices
EURO = USD 1.282 October 24, 2008 |
Crop year |
2008 |
2009 |
Parity |
FOB Creil |
FOB Creil |
Position |
July 2008 |
July 2009 |
Type |
Variety |
EURO |
USD |
EURO |
USD |
2RS |
Scarlett |
143.00 |
183.50 |
153.00 |
196.50 |
2RS |
Prestige |
142.00 |
182.50 |
152.00 |
195.00 |
2RS |
Cellar |
141.00 |
181.00 |
151.00 |
193.50 |
2RS |
Sebastien |
140.00 |
179.50 |
150.00 |
192.50 |
2RS |
Tipple |
140.00 |
179.50 |
150.00 |
192.50 |
2RS |
Henley |
140.00 |
179.50 |
150.00 |
192.50 |
6RW |
Esterel |
131.00 |
168.00 |
136.00 |
174.50 |
French Feed Barley Prices. Nominal prices
EURO = USD 1.282 October 24, 2008 |
Crop year |
2008 |
Parity |
FOB Creil |
Position |
July 2008 |
Type |
EURO |
USD |
Feed Barley |
120.00 |
153.84 |
EURO = USD 1.282 October 24, 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 |
375.00 |
481.00 |
406.50 |
521.00 |
398.50 |
511.00 |
413.00 |
529.50 |
2RS |
Prestige |
374.00 |
479.50 |
405.00 |
519.50 |
397.50 |
509.50 |
411.50 |
527.50 |
2RS |
Cellar |
372.50 |
477.50 |
404.00 |
517.50 |
396.00 |
508.00 |
410.50 |
526.00 |
2RS |
Sebastien |
371.50 |
476.00 |
402.50 |
516.00 |
395.00 |
506.50 |
409.00 |
524.50 |
2RS |
Tipple |
371.50 |
476.00 |
402.50 |
516.00 |
395.00 |
506.50 |
409.00 |
524.50 |
2RS |
Henley |
371.50 |
476.00 |
402.50 |
516.00 |
395.00 |
506.50 |
409.00 |
524.50 |
2RS |
Average price |
372.50 |
477.50 |
404.00 |
517.50 |
396.00 |
508.00 |
410.50 |
526.00 |
6RW |
Esterel |
359.50 |
462.00 |
391.50 |
502.00 |
384.00 |
492.00 |
398.00 |
510.50 |
* |
Asia Malt 70/30 |
369.00 |
473.00 |
400.00 |
513.00 |
392.50 |
503.00 |
406.50 |
521.50 |
** |
Asia Malt 50/50 |
366.50 |
470.00 |
397.50 |
510.00 |
390.00 |
500.00 |
404.50 |
518.50 |
EURO = USD 1.282 October 24, 2008 |
Crop year |
2009 |
Parity |
FOB Antwerp |
Position |
Oct 2009 - Sep 2010 |
Conditioning |
Bulk |
In bags |
Bulk containers |
Bags, containers |
Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
2RS |
Scarlett |
381.50 |
488.50 |
412.50 |
528.50 |
404.50 |
519.00 |
419.00 |
537.00 |
2RS |
Prestige |
380.00 |
487.00 |
411.50 |
527.00 |
403.50 |
517.50 |
417.50 |
535.50 |
2RS |
Cellar |
379.00 |
485.50 |
410.00 |
525.50 |
402.50 |
515.50 |
416.50 |
534.00 |
2RS |
Sebastien |
377.50 |
484.00 |
408.50 |
524.00 |
401.00 |
514.00 |
415.50 |
532.50 |
2RS |
Tipple |
377.50 |
484.00 |
408.50 |
524.00 |
401.00 |
514.00 |
415.50 |
532.50 |
2RS |
Henley |
377.50 |
484.00 |
408.50 |
524.00 |
401.00 |
514.00 |
415.50 |
532.50 |
2RS |
Average price |
379.00 |
485.50 |
410.00 |
525.50 |
402.50 |
515.50 |
416.50 |
534.00 |
6RW |
Esterel |
359.50 |
462.00 |
391.50 |
502.00 |
384.00 |
492.00 |
398.00 |
510.50 |
* |
Asia Malt 70/30 |
373.50 |
478.50 |
404.50 |
518.50 |
396.50 |
508.50 |
411.00 |
527.00 |
** |
Asia Malt 50/50 |
369.50 |
473.50 |
400.50 |
513.50 |
393.00 |
504.00 |
407.50 |
522.00 |
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
EU Barley Area, Yield and Production 2008/09
Acreage in 1000 Ha, Yeld and Production in 1000 Tons
* Figures are official crop estimates of Eurostat except for countries marked with a star, for which we filled in the estimates of Coceral
October 23
1814 1st plastic surgery is performed (England)
1824 1st steam locomotive is introduced
October 24
1836 A. Phillips patents the match
1857 World's 1st football club, Sheffield FC, founded in England
October 25
1492 Christopher Columbus and ship Santa Maria land in Dominican Republic
1952 Tappan sells 1st microwave oven
1960 1st electronic wrist watch placed on sale, New York City
October 26
1952 Chevrolet unveils V-8 engine
1954 Walt Disney's 1st television program, "Disneyland," premieres on ABC
1956 U.N.'s International Atomic Energy Agency statute approved
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