If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?5592
E-Malt.com NewsLetter

Newsletter Summary





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 scientific 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 16b
April 16 - April 19, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"All human wisdom is summed up in two words - wait and hope"
Alexandre Dumas Pčre
Currency Rates
Base Currency: Euro, EUR
on 17-April-2009

1 EUR = 1.3198 USD
1 EUR = 0.8827 GBP
1 EUR = 1.5913 CAD
1 EUR = 1.8247 AUD
1 EUR = 130.826 JPY
1 EUR = 2.8813 BRL
1 EUR = 44.2208 RUB
1 EUR = 9.0309 CNY
Base Currency: US Dollar
on 17-April-2009

1 USD = 0.7578 EUR
1 USD = 0.6688 GBP
1 USD = 1.2057 CAD
1 USD = 1.3825 AUD
1 USD = 99.1211 JPY
1 USD = 2.1831 BRL
1 USD = 33.5052 RUB
1 USD = 6.8425 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

April 17, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR103.0-107.0 EUR130.0-134.0
6rw Barley EUR100.0-104.0 EUR118.0-122.0
2rs Malt EUR315.5-319.5 0.63% EUR340.5-344.5 0.58%
6rw Malt EUR310.5-314.5 0.64% EUR324.5-328.5 0.61%
Feed Barley EUR91.0-95.0 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

World: SABMiller achieves higher lager volumes in Asia and Africa, sees decline in total lager volumes in Q4 ...Click here
Africa: Big brewers believe in Africa’s beer consuming potential ...Click here
Belgium: AB InBev moves aggressively to achieve cost cuts by putting pressure on suppliers ...Click here
Romania: SABMiller’s Romanian subsidiary authorized to take over local brewer Bere Azuga ...Click here
Chile: Chile’s beer sales rise 5% in 2008 ...Click here
Latvia: Largest brewer Aldaris reports 2008 performance ...Click here
World: Malt supplies might turn out scanty when world economy and beer sales improve - analysts ...Click here
China: Growing malt capacity and exports ensure China a leading position in South-East Asia’s malting industry ...Click here




South Korea: A Lotte executive confirms the retail giant is out of bids for AB InBev’s South Korean brewery ...More Info
France: France turning into one of the most moderate beer consumers in the EU ...More Info
Hungary: Beer sales fall 7% in 2008, expected to further decline this year ...More Info
United States: InBev’s takeover of Anheuser-Busch still disputed in court ...More Info
Ukraine: Obolon brewery finishes 2008 at a loss of UAH 451.570 mln ...More Info
Turkey: Brewer Türk Tuborg aims to enhance profits with the help of a global provider of cost and profitability management solutions ...More Info
South Korea: KKR & Co. strengthens its financial situation in order to bid for Oriental Brewery - sources ...More Info
Ukraine: Brewers say higher excise duty on beer lobbied by vodka producers is practice of non-market competition ...More Info
United States: Heineken’s Amstel beer to give US drinkers a taste of Amsterdam’s culture ...More Info
Bulgaria: AB InBev and Heineken appoint new general managers at their Bulgarian breweries ...More Info
Canada: Quebec microbrewers worried by a new bill about malt-based beverages ...More Info
United States: Boston Beer to launch a six-pack of competition winners’ ales ...More Info
Go to our news database with more than 14789 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

World: SABMiller achieves higher lager volumes in Asia and Africa, sees decline in total lager volumes in Q4

SABMiller plc, world’s second-largest brewer, issued on April, 16 the update on trading for the 12 months to 31 March 2009.

SABMiller’s lager volumes for the full year were 2% ahead of the prior year and level on an organic basis, with a 1% decline in the fourth quarter, as economic conditions deteriorated in the second half and consumer demand has fallen in most markets, particularly in the fourth quarter.

Group revenue has continued to benefit from price increases and has grown in high single digits for the full year on an organic basis at constant rates of exchange. Financial performance has been impacted by significant unfavourable currency movements in the second half of the year. However, the financial results of the group remain in line with our expectations, SABMiller said.

In Latin America, lager volumes were up 1% for the year, with a decline in the fourth quarter.

In Colombia, full year volumes were down 6% despite a continuing rise in SABMiller’s share of total alcohol. The fourth quarter was soft, reflecting deteriorating consumer demand and beer price increases. In Peru, volumes ended 9% above the prior year and the brewer gained market share. Growth in the last quarter slowed significantly ...More Info


Africa: Big brewers believe in Africa’s beer consuming potential

Big brewers report a slowdown in sales growth, but they say Africa nevertheless offers rich expansion prospects compared with elsewhere, and even reduced growth on the continent will outstrip that of other regions this year, Reuters communicated on April, 17.

"For sure we're seeing an impact, but still Africa is in growth, is providing more growth than many other parts of the world, and that's the environment where we're operating," said Nick Blazquez, Diageo's managing director for Africa.

The International Monetary Fund has cut its 2009 economic growth forecast for sub-Saharan Africa to 2.2 percent from 5.1 percent six months ago, although that is still well ahead of the 3-percent-plus contraction expected in advanced economies.

Lower commodity export revenues and a slowdown in remittance income from workers overseas are squeezing disposable incomes and currency fluctuations are hurting some breweries, which mostly rely heavily on imported materials.

East African Breweries, Kenya's leading brewery which is majority-owned by Diageo, is cutting jobs after pre-tax profit growth slowed to 5 percent in the six months to Dec. 31 from 22 percent a year earlier, mainly as a result of high input costs.

With beer sales holding up better than in most regions, investments in new capacity in Africa, ...More Info


Belgium: AB InBev moves aggressively to achieve cost cuts by putting pressure on suppliers

Brewing industry suppliers are feeling the pressure of doing business with Anheuser-Busch InBev, as the new brewing giant pursues a closely-watched plan to slash billions of dollars in costs over the next three years, The Wall Street Journal posted on April, 16.

AB InBev wants to negotiate new contract terms with companies throughout its supply chain, in a sign that the Belgium-based brewer is moving aggressively to achieve cost cuts that will help pay for last year's $52 billion purchase of Anheuser-Busch.

Those efforts are crucial to help AB InBev pay down its debt - about EUR40 billion, most of it taken on last year to buy Anheuser - and minimize its substantial interest payments.

Cost-reductions achieved through synergies, at least over the next three years, provided the main financial logic behind the merger. The strategy plays to the strengths of AB InBev's executives, who are known - and sometimes feared - for their rigor on costs.

With 25% of the global brewing market - including major brands such as Budweiser, Skol and Stella Artois - AB InBev is expected to wield new power over suppliers, on its way to cutting a promised $2.25 billion in annual costs by 2011.

The brewer said ...More Info


Romania: SABMiller’s Romanian subsidiary authorized to take over local brewer Bere Azuga

Romanian Competition Authority authorized the takeover of local brewer Bere Azuga by Ursus Breweries, part of international group SABMiller, Mediafax cited a statement by Ursus on April, 16.

The company also announced that Bere Azuga shareholders elected a new Board of Directors, formed of general manager of Ursus Breweries, Stephan Maria Weber (president), Andrei Haret (member) and Andries de Groen (member).

SABMiller announced end-January its local subsidiary Ursus Breweries has acquired a 70.56% stake in Bere Azuga, in a 30.3 million lei (EUR1 = RON4.2197) deal. According to sources, the brewer intends to purchase the remaining shares.

The brewer also said it plans to delist Bere Azura shares from Rasdaq market and launch a full takeover offer.

Bere Azuga’s former majority shareholder, Valerii Moraru, also owns a 21.35% stake through Rombas Trans International company. SABMiller owns four beer production units in Romania, through Ursus Breweries.

Bere Azuga holds only a 0.6% share of the market, however, its flagship product, the traditional beer Azuga has the potential to be developed across the country. First though, capacity – which currently stands at 400,000 hl per year – is in need of boosting. In the first three quarters of 2008, Bere Azuga posted a loss of €1.16 mln.

In ...More Info


Chile: Chile’s beer sales rise 5% in 2008

Beer companies in Chile saw their sales rise to 600 million litres in 2008, a 5% jump from 2007, Money Week posted on April, 17 the latest figures from Chile's Beer Producer's Association.

The Association explains the result by hotter than usual summer temperatures, but also changing consumer tastes.

When people sit down after a day at work, they're beginning to prefer a cool bottle of Kunstmann Bock, a German-Chilean beer, to a glass of Casillero del Diabl.

The average Latin American drinks less than half the amount of beer per year (under 50 litres) than the average Brit. But that's changing. And this spells a real opportunity for brewers, and for investors to play the recovery in a decent economy, analysts advise.

Last year Argentina saw a 31.5% jump in beer sales, while SABMiller, the world's second largest brewer, this week reported a big jump in sales across Latin America. In Ecuador, the amount of SAB lager drunk was up 14%. And in Peru, sales rose 9%. As people's disposable incomes began to increase, they wanted to spend more money on beer.

But nowhere is this more the case than in Chile. Like Namibia and East Africa, Chile owes its beer drinking ...More Info


Latvia: Largest brewer Aldaris reports 2008 performance

Aldaris, Latvia’s biggest beer maker, earned LVL 3.32 million last year, Aldaris’ Board Chairwoman Inara Sure was quoted as saying by LETA on April, 15.

In 2007, Aldaris posted LVL 6.8 million profit.

In 2008, the net turnover of Aldaris totaled LVL 36.4 million, reaching almost the same level as in year 2007, when the turnover figure was LVL 37 million.

Last year, Aldaris remained the leader among Latvian beer producers and even slightly increased its market share – to 40.6%, compared with 40.2% in 2007.

Beer sales stayed at the same level as in year 2007 – around 62.2 million litres, Ms Sure reported.

In 2008, the company's investments amounted to LVL 1.7 million.

In the first quarter of the year 2009, beer sales dropped by an average of 14% and Aldaris does not expect any growth of beverages market this year, however, the company hopes to increase even more its market share at the Latvian beer market.

"Furthermore, in 2009, we plan to widen our range of products, to raise competitiveness and introduce innovations in soft drinks production, as well as to work on improving cost efficiency," Sure said.

Aldaris was established in 1865, it is the largest brewery in Latvia and among the major ones ...More Info


Malt News

World: Malt supplies might turn out scanty when world economy and beer sales improve - analysts

Prices of malting barley of crop 2008 have dropped 50 % compared to a year ago, malt offers followed, although malting margins remained correct, industry observers communicated earlier this month.

Despite lower markets, the strong and contractually protected grain suppliers insist on correct fulfilment of their sales. Maltsters had followed a policy of back-to-back trading since their heavy speculative losses some years ago, i.e. they covered their expensive malt sales with equally expensive barley purchases. Therefore any breaches of contracts would lead to huge losses, but also to automatic arbitrations or lawsuits. Analysts appreciate that most industries have respected their obligations to-date.

In 2005/06 a relatively small overcapacity of the malt industry had led to a ruinous competition and subsequently to bankruptcies and closures of malting factories.

In 2006 beer sales worldwide started to increase at a record pace, they climbed by 11.5% till the end of 2007. Brewers, who had not seen the change of a malt oversupply to a threatening deficit early enough, found it difficult to cover their malt demand. Poor barley crops in 2006 and 2007 aggravated the supply situation. As a result, analysts noted the rebirth of good partnerships between maltsters and brewers, and the fast increasing ...More Info


China: Growing malt capacity and exports ensure China a leading position in South-East Asia’s malting industry

China’s total malt capacity in 2008 was 4,600,000 tonnes, according to the estimates of industry observers made public at the end of last month.

The largest share of the nation’s malt capacity belongs to maltsters (4,060,000 tonnes), whereas brewers are estimated to dispose of a capacity of 540,000 tonnes of malt.

The largest Chinese maltsters by capacity are Supertime Malting (850,000 tonnes in 2008), Cofco Malting (680,000 tonnes), Longken Malting (300,000 tonnes), Qingdao Brewery (250,000 tonnes), Chunlei Malting (200,000 tonnes), Dalian Xingze Malting (180,000 tonnes), and Muogao Malting (170,000 tonnes). The majority of China’s malting companies plan to increase their capacity in the current year, it is reported.

China’s total malt consumption is estimated to have amounted to 2.9 mln metric tons in 2008.

General Administration of Customs of the People’s Republic of China, the nation’s malt exports almost doubled last year compared to 2007. The largest importers of Chinese malt are Brazil, Vietnam, South Korea, Taiwan, and Philippines.

China is expected to remain a leading malt exporter in South East Asia in the future.

Scientific Digest

Comparison of Procedures for Resveratrol Analysis in Beer: Assessment of Stilbenoids Stability through Wort Fermentation and Beer Aging

Vesna Jerkovic, Fanny Nguyen, Aurore Timmermans and Sonia Collin

Abstract:
J. Inst. Brew. 114(2), 143–149, 2008 Three resveratrol extraction procedures were compared in beer. Two-step pre-cleaning with toluene and cyclohexane allows 76% trans-resveratrol recovery by solid-phase extraction (SPE) before RP-HPLC-MS/MS analysis. This procedure proved much more efficient than liquid/liquid extraction, which requires solvents that are too hydrophobic for stilbenoids. SPME-GC-MS, where the main limiting factor is non-reproducibility from fibre to fibre, is an interesting alternative for resveratrol quantification in complex mixtures where pre-cleaning is too difficult. With the optimized SPE procedure, 5 µg.L-1 trans-resveratrol was detected in four commercial beers. However, concentrations of stilbenoids in beer should be higher taking into account the presence of cis-stilbenoids. During fermentation, trans-resveratrol was partially regenerated from its glucoside, more stable through beer aging. Adding a stilbenoids-enriched ethanolic hop extract after fermentation significantly increases the beer stilbenoids potential. Key words: Aging, beer, fermentation, piceid, resveratrol, RPHPLC- MS/MS, SPME-GC-MS, stilbenoids, wort. Load full article, 7 pages, 562 Kb, PDF file


Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.3198 April 17, 2009 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  107.00  141.50  134.00  177.00 
2RS  Prestige  106.00  140.00  133.00  175.50 
2RS  Cellar  105.00  138.50  132.00  174.50 
2RS  Sebastien  104.00  137.50  131.00  173.00 
2RS  Tipple  104.00  137.50  131.00  173.00 
2RS  Henley  104.00  137.50  131.00  173.00 
6RW  Esterel   102.00  135.00  120.00  158.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3198 April 17,2009
Crop year 2008
Parity FOB Creil
Position July 2008
Type EURO USD
Feed Barley 93.00 122.74


Theoretical Malt Prices

EURO = USD 1.3198 April 17, 2009 
Crop year  2008 
Parity  FOB Antwerp 
Position  Apr 2009 - Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  319.50  422.00  351.00  463.00  343.50  453.00  357.50  471.50 
2RS  Prestige  318.50  420.50  349.50  461.50  342.00  451.50  356.50  470.00 
2RS  Cellar  317.50  418.50  348.50  460.00  340.50  449.50  355.00  468.50 
2RS  Sebastien  316.00  417.00  347.50  458.00  339.50  448.00  353.50  467.00 
2RS  Tipple  316.00  417.00  347.50  458.00  339.50  448.00  353.50  467.00 
2RS  Henley  316.00  417.00  347.50  458.00  339.50  448.00  353.50  467.00 
2RS   Average price  317.50  418.50  348.50  460.00  340.50  449.50  355.00  468.50 
6RW  Esterel   312.50  413.50  344.50  455.00  337.00  445.00  351.50  463.50 
Asia Malt 70/30  316.00  417.00  347.50  458.50  339.50  448.50  354.00  467.00 
**  Asia Malt 50/50  315.50  416.50  346.50  457.50  339.00  447.50  353.00  466.00 


EURO = USD 1.3198 April 17, 2009
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  345.00  455.00  376.00  496.50  368.50  486.00  382.50  505.00 
2RS  Prestige  343.50  453.50  375.00  494.50  367.00  484.50  381.50  503.50 
2RS  Cellar  342.50  452.00  373.50  493.00  366.00  483.00  380.00  501.50 
2RS  Sebastien  341.50  450.50  372.50  491.50  364.50  481.50  379.00  500.00 
2RS  Tipple  341.50  450.50  372.50  491.50  364.50  481.50  379.00  500.00 
2RS  Henley  341.50  450.50  372.50  491.50  364.50  481.50  379.00  500.00 
2RS   Average price  342.50  452.00  373.50  493.00  366.00  483.00  380.00  501.50 
6RW  Esterel   326.50  432.50  359.00  473.50  351.00  463.50  365.50  482.50 
Asia Malt 70/30  338.00  446.00  369.50  487.50  361.50  477.00  375.50  496.00 
**  Asia Malt 50/50  335.00  442.00  366.50  483.50  358.50  473.00  372.50  492.00 

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

US Top 20 Beer Brands by Market Share, 2006 - 2008

  Brand Market share, % Owner
    2006 2007 2008  
1 Bud Light 18.9 19.3 19.2 Anheuser-Busch InBev*
2 Budweiser 12.0 11.3 10.6 Anheuser-Busch InBev
3 Coors Light 7.8 7.9 8.1 MillerCoors
4 Miller Lite 8.4 8.4 8.1 MillerCoors
5 Natural Light 4.2 4.2 4.2 Anheuser-Busch InBev
6 Corona Extra 3.9 3.8 3.6 Grupo Modelo
7 Busch Light 2.8 2.8 3.0 Anheuser-Busch InBev
8 Busch 2.9 2.8 2.9 Anheuser-Busch InBev
9 High Life 2.3 2.3 2.3 MillerCoors
10 Heineken 2.4 2.4 2.3 Heineken
11 Keystone Light 1.5 1.6 1.8 MillerCoors
12 Michelob Ultra 1.5 1.6 1.6 Anheuser-Busch InBev
13 Natural Ice 1.4 1.4 1.5 Anheuser-Busch InBev
14 Miller Genuine Draft 1.6 1.5 1.3 MillerCoors
15 Modelo Especial 0.7 0.7 0.8 Grupo Modelo
16 Icehouse 0.8 0.8 0.8 MillerCoors
17 Mil's Best Light 0.9 0.8 0.8 MillerCoors
18 Steel Reserve 0.7 0.7 0.8 MillerCoors
19 Bud Light Lime - - 0.7 Anheuser-Busch InBev
20 Tecate 0.6 0.6 0.7 FEMSA
  Top 20 Brands 75.3 74.9 75.1  
* - since 2008
Note: All brand figures include exports
Graph of the Week


Source: Eurostat & ONIGC

These Days in Business History
April 16
1948 Organization for European Economic Cooperation (EEC) forms in Paris
1986 IBM produces 1st megabit-chip

April 17
1704 1st successful U.S. newspaper; published in Boston by John Campbell
1933 Pres. Franklin D. Roosevelt announces that he will issue an executive order embargoing exports of gold and free the exchange rate of the U.S. dollar to float against foreign currencies.
1989 An all-financial-news TV service premieres, as CNBC airs its first market broadcast.

April 18
1921 Junior Achievement incorporated in Colorado Springs Colo
1948 International Court of Justice opens at Hague Netherlands
1968 London Bridge is sold to U.S. oil company to be erected in Arizona

April 19
1662 Royal Society incorporates
1940 1st electron microscope demonstrated (RCA),
1948 ABC-TV network begins
Agenda