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E-Malt.com Newsletter 24b
June 11 - June 14, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"He that can have Patience, can have what he will"
Benjamin Franklin
Currency Rates
Base Currency: Euro, EUR
on 12-June-2009

1 EUR = 1.4038 USD
1 EUR = 0.8534 GBP
1 EUR = 1.5494 CAD
1 EUR = 1.7284 AUD
1 EUR = 137.488 JPY
1 EUR = 2.7409 BRL
1 EUR = 43.4915 RUB
1 EUR = 9.6117 CNY
Base Currency: US Dollar
on 12-June-2009

1 USD = 0.7124 EUR
1 USD = 0.6078 GBP
1 USD = 1.1037 CAD
1 USD = 1.2311 AUD
1 USD = 97.9341 JPY
1 USD = 1.9524 BRL
1 USD = 30.9804 RUB
1 USD = 6.8467 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

June 12, 2009

Type Crop 2008 Crop 2009
2rs Barley EUR114.0-118.0 EUR153.0-157.0
6rw Barley EUR109.0-113.0 EUR138.0-142.0
2rs Malt EUR330.0-334.0 EUR368.5-372.5
6rw Malt EUR322.5-326.5 EUR349.5-353.5
Feed Barley nq    EUR109.0-113.0 3.47%

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

Japan & China: Asahi Breweries plans to maintain so far the current stake volume in Tsingtao Brewery ...Click here
Belgium: World’s No. 1 brewer said to be planning a benchmark eight-year sterling bond ...Click here
Japan: May beer shipments decline, Sapporo Breweries sees no problems due to brisk third-category beer sales ...Click here
Russia: Brewer Efes to cut investments, believes in sales growth this year ...Click here
Canada: Labatt and Brick Brewing settle trade mark disputes out of court ...Click here
Russia: Baltika Breweries to launch a malting plant in Yaroslavl region, barley growers plan production increase ...Click here
World: Barley trade forecast left unchanged at 17.18 mln tons in 2009/10 ...Click here
Canada: Barley crop to drop by nearly 26% in 2009 - CWB ...Click here
United Kingdom: New malting barley variety approved for brewing and awarded the prestigious Cereal Cup ...Click here




Latvia: Beer excises to grow by 50.3% next month ...More Info
Poland: Brewer Grupa Żywiec to offer first Polish beer in plastic bottle ...More Info
Canada: Agribusiness Viterra reports strong Q2 results ...More Info
United States: Anheuser-Busch to present in October new Bud Light Golden Wheat ...More Info
Brazil: Brazilian shareholders sell some stake in AB InBev - sources ...More Info
The Czech Republic: New 11-degree beer launched by Budějovický Budvar corresponds to market trend ...More Info
Australia: ABB Grain to pay distributions from 2008/09 barley pools next week ...More Info
United Kingdom: Heineken appoints new managing director for Scottish and Newcastle UK ...More Info
New Zealand: Lion Nathan’s latest offering to tap New Zealand’s mid-strength beer market ...More Info
Ukraine: SABMiller’s Ukrainian brewer starts to brew a beer it used to import from Russia ...More Info
United States: New owners of AB InBev’s Labatt brewery focused on growing their beer brands ...More Info
Uganda: New finance minister proposes tax cuts on local beer ...More Info
Go to our news database with more than 15193 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Japan & China: Asahi Breweries plans to maintain so far the current stake volume in Tsingtao Brewery

Asahi Breweries Ltd. China representative said the company presently does not consider adding or reducing holding in Tsingtao Brewery Company Limited, SinoCast reported on June, 12.

Approved by the Ministry of Commerce of China, Asahi Breweries, a leading Japanese manufacturer of alcoholic beverages, has finished buying a total of 260 million H-shares in the Chinese brewer, taking 19.99% of the latter's capital stock.

As early as 1994, the Japanese company invested in the establishment of beer factories in Yantai City, Beijing, Hangzhou City, Shenzhen City, and Quanzhou City in China in succession and built two beverage factories with local companies including Tsingtao Brewery. However, this does not help the foreign company scramble for more market shares in China.

So, it has to join hands with Tsingtao Brewery, China’s No. 2 brewer, which is expected to be a survival on the Chinese beer market, in order to consolidate its presence.


Belgium: World’s No. 1 brewer said to be planning a benchmark eight-year sterling bond

Anheuser-Busch InBev, the world's largest brewer based in Leuven, Belgium, plans to issue a benchmark eight-year sterling bond, IFR reported on June, 12.

Guidance has been set at gilts plus around 330 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

Barclays, JP Morgan, Royal Bank of Scotland and Banco Santander have been named to manage the deal, IFR said.

AB InBev is rated BBB+ by Standard & Poor's and Baa2 by Moody's Investors Service.


Japan: May beer shipments decline, Sapporo Breweries sees no problems due to brisk third-category beer sales

Japan’s beer shipments in May dropped 3.1% from a year earlier to 38.92 mln cases, Japan Times reported on June, 11.

This was the first drop in three months, partly due to fewer shipment days than the previous year, brewers and the Brewers Association of Japan claimed.

Shipments to restaurants declined, while those in Osaka and its vicinity were also sluggish in the reporting month, indicating consumers refrained from going out amid the H1N1 swine flu epidemic that hit the region.

Of the total beer shipments, conventional beer declined 7.3 percent and "happoshu" low-malt beer 11.0 percent. But shipments of lower-priced "third-category beer" increased 13.6 percent.

Among brewers, shipments decreased about 9 percent for Suntory Liquors Ltd., about 3 percent for Kirin Brewery Co. and about 2.5 percent for Asahi Breweries Ltd. Sapporo Breweries Ltd., however, saw an increase of about 3 percent on the strength of brisk third-category beer sales.

One case contains 20 633-milliliter bottles.


Russia: Brewer Efes to cut investments, believes in sales growth this year

Turkish brewer Efes intends to more than halve investments in production in Russia this year, Chief Executive Officer Alejandro Jimenez was quoted as saying by Strana.ru on June, 10.

“Last year, we invested about $105 mln in expanding production in Russia in order to create a base for sales growth this year,” he said. In 2009, the company plans to reduce investments to $40-50 mln.

The investments will be made in increasing malting capacities as well as in different eco projects, Mr. Jimenez said.

Besides, the CEO shared that the company expects Russia’s beer market to fall by 2-6% as compared to 2008. Previously, Efes had said the drop would be no more than 2%, but the first quarter results have corrected the forecasts – the market shrunk by 7% in January – March 2009.

Russia accounts for more than 80% of Efes’ sales. In the first quarter, the brewer’s sales in Russia fell by 5.7%, its market share increased to 9.3% versus 9.2% a year ago (Nielsen).

“Good weather inspires confidence in the future results. Sales will grow by the end of the year,” Jimenez said.

Efes owns five breweries and four malting plants in Russia. The total brewing capacity amounts to 25 mln hl, ...More Info


Canada: Labatt and Brick Brewing settle trade mark disputes out of court

Labatt Brewing Company Limited and Brick Brewing Company have reached a settlement in the trade mark infringement suit filed by the former, CNW reported on June, 11.

Labatt Brewing has been seeking damages on three issues relating to Labatt's Brava and Brick's Red Baron: trade-mark and copyright infringement, causing confusion to the consumer, and causing Labatt financial harm.

Under the settlement, Brick will change Red Baron's label and secondary packaging effective in the near future. Brava and Red Baron are both sold in clear bottles and Red Baron had recently introduced both a label and secondary packaging that Labatt claimed was creating confusion among consumers and contaminated Brava's bottle "float" requiring manual bottle sorting by Labatt.

Charlie Angelakos, Vice President of Corporate Affairs for Labatt said "We are pleased to be able to reach this settlement amicably with Brick. We make a significant investment in our brands in order to connect with consumers and the settlement will maintain Brava's unique graphic character."

Brick's President and CEO, George Croft commented "We will use the opportunity presented by this settlement to introduce a new look for Red Baron. We too are satisfied that an agreement was reached quickly and without the need to resort to a court ...More Info


Malt News

Russia: Baltika Breweries to launch a malting plant in Yaroslavl region, barley growers plan production increase

According to the governor of Russia’s Yaroslavl region, local farmers are planning to expand barley production as a new malting plant will be launched by Baltika Breweries next week, Interfax-Russia reported on June, 10.

“We talked to Baltika Breweries top managers during the World Grain Forum [held on June 6-7 in Saint-Petersburg]. The company has scheduled for June 18the inauguration of a malthouse at its Yaroslavl beer plant. It is a very important event for us, because the malthouse will require about 150 thousand tonnes of malting barley annually. We will try to cover part of the demand by malting barley produced on farms of our region,” Sergei Vahrukov said.

The government said local authorities and farmers will start working on the project already this month.


Barley News

World: Barley trade forecast left unchanged at 17.18 mln tons in 2009/10

United States Department of Agriculture (USDA) has left unchanged its forecast of world’s barley trade in 2009/10, at 17.18 mln metric tons (the same as in 2008/09).

In its World: Grain Markets and Trade report published this month, USDA reduced its estimates of barley production is Australia and Canada in 2009/10 (from 1.93 mln metric tons in May to 1.60 mln this month and from 10.7 mln metric tons to 10 mln respectively).

EU-27 barley production estimate was reduced by 3.24 mln tons to 60.98 mln in the next crop year.

Russia’s barley production forecast was increased to 16.5 mln metric tons (16.0 mln in the last month’s report).

World total barley production forecast was reduced from 146.27 mln metric tons to 142.90 mln this month. World’s ending stocks are prognosticated to amount to 28.46 mln tons (32.0 mln in May forecast).


Canada: Barley crop to drop by nearly 26% in 2009 - CWB

The CWB released on June, 11 its preliminary crop forecasts, projecting a western Canadian wheat, durum and barley crop of 29.7 million tonnes in the 2009 crop year, down almost 20 per cent from last year’s 36.7 million tonnes and significantly below the five-year average of 33.9 million tonnes.

“Cold weather across the Prairies this spring has had a detrimental effect on planting and early crop development in most growing regions,” said Bruce Burnett, CWB director of weather and market analysis, at the annual CWB grain industry briefing today. “In addition, soil moisture levels are dangerously low in parts of Alberta and western Saskatchewan, where dry conditions have persisted since last fall.”

While the western Prairies are abnormally dry, Manitoba has been excessively wet this spring, with seeding still incomplete. Without ideal growing conditions for the remainder of the crop year, below-average production is likely for Western Canada.

Wheat, durum and barley crops are currently about 10 days to two weeks behind normal development due to the cold weather. Production estimates have dropped significantly in the past two weeks from what had been average yield expectations. “As cool weather delays crop emergence, the risk of reduced quality or frost damage this fall ...More Info


United Kingdom: New malting barley variety approved for brewing and awarded the prestigious Cereal Cup

A top-yielding spring barley variety used in beer-making has scooped two prestigious industry achievements in the same month, FarmingUK reported on June, 12.

Quench, from Syngenta Seeds, has just been awarded the prestigious Cereal Cup by the National Institute of Agricultural Botany (NIAB) as well as also progressing to Full Approval for Brewing on the Institute of Brewing and Distilling (IBD) variety list.

"Full IBD Approval for brewing means the variety has satisfied the stringent quality criteria demanded by end users," says Robert Hiles, the Global Malting Barley Business Manager for Syngenta Seeds.

"Equally, the NIAB Cereal Cup is an extremely prestigious award for a variety to receive from a farming industry viewpoint. It is one which has been won by some highly successful varieties in the past.

"We feel truly honoured that the industry has sought to recognise Quench in this way. Quench already has an unbeaten UK treated yield figure among spring malting barley varieties on the HGCA Recommended List for 2009. Now, this latest news should give extra confidence to growers who are already growing it, or those who are looking to grow it for the first time."

As well as becoming a successful variety in the UK, Mr Hiles ...More Info

Scientific Digest

What happens to hop pellets during unexpected warm phases?

Adrian Forster

Introduction:
Today, production and storage of hop products largely take place under defined conditions. Special care is taken that negative influences - such as the presence of oxygen and high temperatures - on the quality are kept to a minimum. Comprehensive documentation on this topic is available (1). On the other hand, there is still little or no interest - as regards transport conditions. Temperature records during long- lasting transportation to Asian and South American countries, however, give rise to further, more intensive investigation. The problem of excessive temperatures, to which hop pellets are sometimes exposed, has already been discussed in a previous paper (2). These results can be supplemented by the following observations and investigations. Load full article, 11 pages, 70 Kb, PDF file


Barley Prices

French Malting Barley Prices. Nominal prices
EURO = USD 1.4038 June 12, 2009 
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  118.00  166.00  157.00  220.50 
2RS  Prestige  117.00  164.50  156.00  219.00 
2RS  Cellar  116.00  163.00  155.00  217.50 
2RS  Sebastien  115.00  161.50  154.00  216.50 
2RS  Tipple  115.00  161.50  154.00  216.50 
2RS  Henley  115.00  161.50  154.00  216.50 
6RW  Esterel   111.00  156.00  140.00  196.50 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4038 June 12,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 111.00 155.82


Theoretical Malt Prices

EURO = USD 1.4038 June 12,2009 
Crop year  2008 
Parity  FOB Antwerp 
Position  June 2009 - Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  334.50  469.50  365.50  513.00  358.00  502.50  372.00  522.50 
2RS  Prestige  333.00  467.50  364.50  511.50  356.50  500.50  371.00  520.50 
2RS  Cellar  332.00  466.00  363.00  509.50  355.50  499.00  369.50  519.00 
2RS  Sebastien  330.50  464.00  362.00  508.00  354.50  497.00  368.50  517.00 
2RS  Tipple  330.50  464.00  362.00  508.00  354.50  497.00  368.50  517.00 
2RS  Henley  330.50  464.00  362.00  508.00  354.50  497.00  368.50  517.00 
2RS   Average price  332.00  466.00  363.00  509.50  355.50  499.00  369.50  519.00 
6RW  Esterel   324.50  457.50  357.00  501.00  349.50  490.50  363.50  510.50 
Asia Malt 70/30  330.00  463.50  361.50  507.00  353.50  496.50  368.00  516.50 
**  Asia Malt 50/50  329.00  461.50  360.00  505.50  352.50  494.50  366.50  514.50 


EURO = USD 1.4038 June 12, 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  373.00  523.50  404.50  567.50  396.50  557.00  411.00  576.50 
2RS  Prestige  372.00  522.00  403.00  566.00  395.50  555.00  409.50  575.00 
2RS  Cellar  370.50  520.50  402.00  564.00  394.50  553.50  408.50  573.50 
2RS  Sebastien  369.50  518.50  400.50  562.50  393.00  551.50  407.50  571.50 
2RS  Tipple  369.50  518.50  400.50  562.50  393.00  551.50  407.50  571.50 
2RS  Henley  369.50  518.50  400.50  562.50  393.00  551.50  407.50  571.50 
2RS   Average price  370.50  520.50  402.00  564.00  394.50  553.50  408.50  573.50 
6RW  Esterel   351.50  494.50  383.50  538.50  375.50  527.50  390.00  547.50 
Asia Malt 70/30  365.00  512.50  396.50  556.50  388.50  545.50  403.00  565.50 
**  Asia Malt 50/50  361.50  507.50  392.50  551.00  385.00  540.50  399.50  560.50 

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

Prices Evolution

Prices evolution

Table of the Week

Number of German Breweries Classified by Production Capacity

Production
capacity,
hl of beer
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
up to
5,000 hl
718 725 746 781 790 773 801 808 822 848 73
up to
10,000 hl
105 107 98 88 94 83 87 90 89 92 93
up to
50,000 hl
237 233 222 231 211 219 194 189 194 185 176
up to
100,000 hl
85 77 86 77 72 72 73 74 70 63 66
up to
200,000 hl
54 52 41 41 45 45 43 36 34 40 38
up to
500,000 hl
35 36 36 28 26 31 32 35 33 33 32
up to
1 mln hl
21 21 21 23 20 25 21 23 18 16 15
over
1 mln hl
30 30 30 29 31 27 30 26 29 29 29
Total
German breweries
1285 1281 1280 1298 1289 1275 1281 1281 1289 1306 1319
Source: Deutscher Brauer-Bund
Graph of the Week


Source: USDA, May 2009

These Days in Business History
June 11
1644 Florentine scientist describe invention of barometer
1742 Benjamin Franklin invents his Franklin stove
1816 Gas Light Co of Baltimore founded

June 12
1849 Gas mask patented by Lewis Haslett, Louisville, Kentucky
1928 After more than 130 years of trading, the New York Stock Exchange finally has its first day on which more than 5 million shares trade hands, as total daily volume hits 5,252,425 shares.
1991 Microsoft releases MS DOS 5.0

June 13
1933 Financial and Economy World conference opens, 66 countries
1934 Black-McKeller Bill passes causes Bill Boeing empire to break up into Boeing United Aircraft
[Technologies] and United Air Lines
1975 1st oil pumped from North Sea oilfield

June 14
1755 1e edition of Dr. Johnsons "Dictionary"
1846 Belgian Liberal Party forms
1946 Canadian Library Association established
1951 1st commercial computer, UNIVAC 1, enters service at Census Bureau
Agenda