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E-Malt.com Newsletter 36b
September 03 - September 06, 2009
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Quote of the week

"When in doubt, don't!"
Benjamin Franklin
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Currency Rates
Base Currency: Euro, EUR
on 04-September-2009

1 EUR = 1.4278 USD
1 EUR = 0.8752 GBP
1 EUR = 1.5752 CAD
1 EUR = 1.7054 AUD
1 EUR = 131.92 JPY
1 EUR = 2.6836 BRL
1 EUR = 45.3416 RUB
1 EUR = 9.7673 CNY
Base Currency: US Dollar
on 04-September-2009

1 USD = 0.7004 EUR
1 USD = 0.613 GBP
1 USD = 1.1032 CAD
1 USD = 1.1944 AUD
1 USD = 92.3995 JPY
1 USD = 1.8795 BRL
1 USD = 31.7558 RUB
1 USD = 6.8407 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

September 04, 2009

Type Crop 2008 Crop 2009
2rs Barley nq   EUR100.0-104.0 0.99%
6rw Barley nq   EUR98.0-102.0
2rs Malt EUR317.0-321.0 EUR290.5-294.50 0.34%
6rw Malt EUR311.5-315.5 EUR287.0-291.0 0.69%
Feed Barley nq nq EUR93.0-97.0 1.05%

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: China Resources beer volume up 20% in the first half of this year ...Click here
Turkey: Anadolu Efes fails to buy all shares of Efes Breweries International ...Click here
Romania: Heineken confident of recovering its leading position on the Romanian market by the end of this year ...Click here
Latvia: First half beer production down 4% yoy ...Click here
United Kingdom: SABMiller wants to extend its $1 bln loan - report ...Click here
Tanzania: Serengeti claims SABMiller covets it too ...Click here
EU: Malting barley markets still rather quiet ...Click here


More News


Brazil: AmBev wins temporary injunction against antitrust fine ...More Info
Latvia: Baltic markets still important but no investments in Latvia in the next two years – Carlsberg CEO ...More Info
Romania: Ursus Breweries value rises by EUR30 mln in the first six months of 2009 ...More Info
Australia: Barley variety planned for launch next year is good in maltsters’ trials so far ...More Info
United States: MillerCoors to invest in its Leinenkugel’s brand as part of support for craft beer ...More Info
World: Peruvian Cusqueńa beer enjoys success abroad ...More Info
Belarus: Belsolod malt production down 3.3% in January – August ...More Info
Ukraine: Hop acreage must be tripled to meet domestic brewer’s needs ...More Info
United States: Anheuser-Busch to expand testing area for its new brew ...More Info
The Czech Republic & United Kingdom: Plzensky Prazdroj CEO to leave the Czech brewery for the London office ...More Info
Tanzania: Experts dismiss as not true claims that Tanzania’s economy will suffer if Serengeti Breweries is acquired by EABL ...More Info
United States: Experts not worried by Boston Beer CEO selling shares in the company ...More Info
Go to our news database with more than 15719 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

China: China Resources beer volume up 20% in the first half of this year

China Resources Enterprise Ltd., the Chinese partner of SABMiller Plc, reported on September, 3 its interim results for the six months ended June 30 2009.

The company’s total beverages business achieved turnover and attributable profit of HK$10,216 million and HK$341 million respectively, representing increases of 25.0% and 133.6% over the first half of 2008.

The company’s beer sales volume growth considerably outperformed the market during the first half of the year by growing more than twice as fast as the industry average. Notably, China Resources has strengthened its presence in certain provinces such as Liaoning, Heilongjiang, Anhui, Zhejiang and Shandong. The company has also acquired the minority equity interests in certain non-wholly owned subsidiaries.

Apart from acquisitions, the Group said it will capture the opportunities to accelerate its industry consolidation policy by means of investment in greenfield breweries and upgrade of existing breweries.

“Such strategy will not only increase our market share but also improve the overall net profits of the business. Concurrently, the decline in the costs of raw materials in the market, coupled with the efforts in controlling raw materials will further lower production costs and boost our profitability,” the company said in its statement on H1 2009 results.

Looking forward, there will ...More Info


Turkey: Anadolu Efes fails to buy all shares of Efes Breweries International

Turkish brewer Anadolu Efes announced on September, 4 it has closed its offer to buy approximately 29.78% of shares that it does not already own in Efes Breweries International, its Netherlands-based subsidiary.

On 20 July 2009, Anadolu Efes made a recommended cash offer for the entire issued share capital of EBI other than the 148,457,429 shares already owned by Anadolu Efes (which represent approximately 70.22 per cent of the issued share capital of EBI) at an offer price of US$2.22 in cash for each EBI Share, valuing each EBI GDR at US$11.10.

As at 1.00 p.m. (London time) on 3 September 2009, the sum of EBI Shares that Anadolu Efes either owned or for which it had received valid acceptances of the offer was 155,329,514 EBI Shares, representing in aggregate approximately 73.47 per cent of the issued share capital of EBI.


Romania: Heineken confident of recovering its leading position on the Romanian market by the end of this year

Dutch brewer Heineken intends to regain its leading position on the Romanian beer market by the end of this year, the Standard posted on September, 3.

The company is relying on results registered in the first six months, namely a 12 percent increase in net sales, up to RON436 million (€103 mln – computed at an estimated exchange rate of RON 4.2/€1), as well as on raising the efficiency of its activity, due to implementing the cost-cutting strategy drafted early this year.

The 12 percent rise in turnover is a significant result, considering that the market fell some 11 percent in the first half of 2009, according to Heineken officials.

At the end of June, the Ursus Breweries beer producer, SABMiller’s local subsidiary, became market leader, with a 30.6 percent share, according to data provided by MEMRB Retail Audit for April-June 2009, after several years of Heineken occupying the top spot. The representatives of the Dutch producer avoided commenting on the company’s market share in H1. At the end of 2008, Heineken’s share was of 29 percent.

“I am optimistic that Heineken will become local beer market leader by year-end and will gain market share in terms of value, due to measures to raise ...More Info


Latvia: First half beer production down 4% yoy

Beer production dropped 4% year-on-year in Latvia in the first half of 2009 as brewers manufactured 71.37 million litres of beer over the period, Flex News cited on September, 2 data by the Latvian State Revenue Service.

About 81% of the volume produced by Latvian brewers in the first six months of this year was sold domestically, which is nearly 10% less than a year ago. About 7% of Latvian beer was sold in foreign countries, mostly in Lithuania.

The nation’s beer imports totalled 9.355 mln in the first half, down 5.2% from the first half of 2008. Beer imports were relatively small during the six months as Latvians tend to prefer local beer brands, although the proportion has changed this year as the share of imported beer increased.

Latvian beer sales totalled 76.42 million litres in the first half of 2009, dipping 2% from the same period in 2008. In 2008, Latvian breweries produced 74.32 million litres of beer.


United Kingdom: SABMiller wants to extend its $1 bln loan - report

UK-based world’s No. 2 brewer SABMiller Plc is seeking to extend an existing $1 billion loan by another year to October 2010, Reuters cited two bankers on September, 3.

According to the sources, SABMiller has asked relationship banks to roll over commitments on the $1 billion one-year loan that was signed in October 2008.

Bankers are expected to extend the self-arranged loan for a further 364 days under the existing bank agreement which included one-year extension options.

The brewer declined to comment the information.


Tanzania: Serengeti claims SABMiller covets it too

The news from Serengeti Breweries about SABMiller offering to buy it has revived Tanzania’s beer dispute, Reuters communicated on September, 4.

SABMiller and rival international brewer Diageo are both attempting to increase their presence in the region and the latter's Kenya-based East Africa Breweries (EABL) had agreed to buy a stake in Serengeti, while ending a manufacturing and distribution contract with SABMiller's Tanzania Breweries (TBL).

The London High Court granted SABMiller an injunction against that move last month and Serengeti has now responded to the ruling by saying claims its planned partnership with EABL was negative for competition in Tanzania were disingenuous.

“It is interesting to note that TBL's parent company, SABMiller, recently made a proposal - at a very generous price - to acquire SBL,” it said in a newspaper advertisement, without revealing how big the offer was or when it was made.

“If this attempt had been successful, this would only have served to restrict competition still further and potentially result in the closure of a number of breweries. Why would the same business need more than one brewery in the same town?”

The injunction blocks EABL from acquiring Serengeti until January 2011. The court's ruling said the dispute would ...More Info


Barley News

EU: Malting barley markets still rather quiet

EU’s malting barley markets report only a handful of small-scale deals in the last week, La Depeche posted on September, 4. Prices continue moving downwards.

It is quite natural that the sellers remain reticent in such conditions. As for demand, maltsters are supposedly covered up to December.

On the feed barley markets, the activity also remains far from desired. Actually, the available volumes of feed grain do not tempt consumers to make large purchases at the moment.

Scientific Digest

The Role of Small Wort Peptides in Brewing Fermentations

C. Lekkas, A.E. Hill, B. Taidi, J. Hodgson, and G.G. Stewart

Abstract:
J. Inst. Brew. 115(2), 134–139, 2009 The utilisation of small peptides by brewing yeast is poorly understood despite a wealth of information on peptide transport by other microorganisms. A novel method for detection, isolation and measurement of small peptides during brewery wort fermentations was used to monitor utilisation by ale and lager yeast strains. Oligopeptide levels in wort were found to fluctuate throughout the fermentations. Measurement of extracellular protease activity provided evidence that yeast are able to continually regulate protease production in order to break down wort polypeptides into utilisable nitrogeneous materials. Key words: free amino nitrogen, wort oligopeptides, yeast proteases. Load full article, 6 pages, 363 kb , PDF file

Barley Prices
EURO = USD 1.4278 September 04, 2009  
 Crop year   2008   2009 
 Parity   FOB Creil   FOB Creil 
 Position   July 2008   July 2009 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  nq nq 104.00  148.50 
2RS  Prestige  nq nq 103.00  147.50 
2RS  Cellar  nq nq 102.00  146.00 
2RS  Sebastien  nq nq 101.00  144.50 
2RS  Tipple  nq nq 101.00  144.50 
2RS  Henley  nq nq 101.00  144.50 
6RW  Esterel   nq nq 100.00  143.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4278 September 04,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 95 135.64


Theoretical Malt Prices

EURO = USD 1.4278 September 04, 2009 
Crop year  2008 
Parity  FOB Antwerp 
Position  Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  321.50  459.00  353.00  503.50  345.00  492.50  359.50  513.00 
2RS  Prestige  320.50  457.50  351.50  502.00  344.00  491.00  358.00  511.50 
2RS  Cellar  319.00  455.50  350.50  500.00  342.50  489.00  357.00  509.50 
2RS  Sebastien  318.00  454.00  349.00  498.50  341.50  487.50  355.50  507.50 
2RS  Tipple  318.00  454.00  349.00  498.50  341.50  487.50  355.50  507.50 
2RS  Henley  318.00  454.00  349.00  498.50  341.50  487.50  355.50  507.50 
2RS   Average price  319.00  455.50  350.50  500.00  342.50  489.00  357.00  509.50 
6RW  Esterel   313.50  448.50  345.50  493.00  337.50  482.00  352.00  502.50 
Asia Malt 70/30  317.50  453.50  349.00  498.00  341.00  487.00  355.50  507.50 
**  Asia Malt 50/50  316.50  452.00  348.00  496.50  340.50  485.50  354.50  506.00 


  EURO = USD 1.4278 September 04, 2009 
Crop year  2009 
Parity  FOB Antwerp 
Position  Oct 2009 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  295.00  421.00  326.00  465.50  318.50  454.50  332.50  475.00 
2RS  Prestige  293.50  419.50  325.00  464.00  317.50  453.00  331.50  473.50 
2RS  Cellar  292.50  417.50  323.50  462.00  316.00  451.00  330.50  471.50 
2RS  Sebastien  291.50  416.00  322.50  460.50  315.00  449.50  329.00  469.50 
2RS  Tipple  291.50  416.00  322.50  460.50  315.00  449.50  329.00  469.50 
2RS  Henley  291.50  416.00  322.50  460.50  315.00  449.50  329.00  469.50 
2RS   Average price  292.50  417.50  323.50  462.00  316.00  451.00  330.50  471.50 
6RW  Esterel   289.00  414.00  321.50  458.50  313.50  447.50  328.00  468.00 
Asia Malt 70/30  291.50  416.50  323.00  461.00  315.50  450.00  329.50  470.50 
**  Asia Malt 50/50  291.50  416.00  322.50  460.50  315.00  449.50  329.00  469.50 

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

Australia Hop Crop 2008 - 2009
  Acreage
ha
Yield
mln t/ha
Production
mln t
Variety 2008 2009 2008 2009 2008 2009
Super Pride 104.0 106.0 2.3 2.4 237.7 248.2
Pride of Ringwood 89.0 89.0 2.7 3.1 239.8 276.6
Millenium 47.0 60.0 2.1 2.4 99.5 146.3
Victoria 12.0 13.0 3.2 3.2 39.4 40.1
Cluster 9.0 9.0 2.5 2.3 22.3 20.5
Other 31.0 23.0 1.5 1.8 46.4 42.0
Total Tasmania 292.0 300.0 2.4 2.6 685.1 773.7
Super Pride 71.0 83.0 1.8 2.4 129.9 198.6
Topaz 76.0 76.0 3.6 3.4 271.0 261.4
Pride of Ringwood 20.0 25.0 2.0 1.8 40.0 45.0
Victoria 13.0 13.0 2.5 2.7 33.5 36.2
Cluster 10.0 13.0 2.0 1.3 20.0 17.3
Other 2.0 4.0 4.1 3.4 9.7 10.7
Total Victoria 192.0 214.0 2.6 2.7 504.1 569.2
AUSTRALIA TOTAL 484.0 514.0 2.5 2.6 1189.2 1342.9
Graph of the Week


Source: IGC

These Days in Business History
September 03
1778 City Amsterdam signs trade agreement with U.S. rebels
1935 1st automobile to exceed 300 mph, Sir Malcolm Campbell (301.337 mph)
1967 Sweden begins driving on right-hand side of road

September 04
1781 Los Angeles founded by 44 in Bahia de las Fumas, (Valley of Smokes)
1813 1st U.S. religious newspaper Religious Remembrancer
1870 3rd French republic proclaimed as they overthrow their king

September 05
1888 George Eastman patents 1st roll-film camera and registers "Kodak"
1957 Ford Motor Co introduces Edsel
1958 1st color video recording on magnetic tape presented, Charlotte NC
1997 Mother Teresa (Agnes Gonxha Bojaxhiu) dies of cardiac arrest at 87 Nobel (1979)

September 06
1819 Thomas Blanchard patents lathe
1811 James Melville Gilliss, founder, Naval Observatory in Washington
1853 Women's Right's Convention met (New York City)
Agenda