E-Malt.com newsletter
January 23 - January 26, 2003
Summary
1. Industry
news
2. Theoretical malt prices
3. Malting barley
prices
1. Industry news
Sleeman Breweries is establishing a new company in Quebec, La Brasserie Sleeman du Quebec, in order to develop the company’s sales in the province. The decision was taken after the rising demand for Sleeman’s brand in Quebec. La brasserie Sleeman du Quebec will be headed up by a separate team dedicated to the Quebec operation, under the direction of managing director, Guy J. Letourneau. Thus the new brewery will be wholly owned by Sleeman Breweries.
Japan's second-ranked brewing force, Kirin Brewery Co Ltd, has reported on January 23 that was likely to beat its net profit forecast of 26 billion yen ($220 million) for 2002 made last August, according to Reuters. A Kirin spokesman made the comments following a report in the Nihon Keizai Shimbun that the brewer was likely to post a 38 percent year-on-year rise in group net profit to 32 billion yen for the year ended in December.
"There is a high probability that we will surpass our forecast for net profit," spokesman Tomonori Ono said. Kirin could not give an exact figure for its profit outlook, but that the newspaper's assessment was not far off, the company said.
Kirin had cut its group net profit forecast for calendar 2002 in August to 26 billion yen from 29 billion yen due to fierce competition and falling revenues amid price-cutting....more info
Carlsberg Asia has acquired through its subsidiary Carlsberg Brewery Hong Kong Ltd. the entire share capital of the third Chinese brewery Kunming Huashi Brewery Company Ltd. from the Zhejiang K.K. Group, the Danish brewer Carlsberg A/S reported on January 23. The acquisition is subject to the approval of Chinese authorities. The Chinese brewery is situated in Kunming, the biggest city of the Yunnan province in the south western part of China, bordering Vietnam, Laos and Myanmar.
The Kunming brewery has about 600 employees and a capacity of 600,000 hl beer, which provide growth possibilities in a province with a population of 43 million with a yearly per capita beer consumption of only 4.2 litres. The average per capita consumption in China is 18 litres. The Yunnan province is developing a tourist industry which also increases the possibilities of boosting beer consumption.... more info
Austrian drinks force BBAG Group is looking out for a strategic partner to help it become Central Europe's largest brewer. BBAG, which makes and distributes Goesser and Zipfer beers, has acquired 14 breweries abroad since 1991. The company is market leader in Austria and Romania and is among the top three in Hungary. The firm said it had already invited possible partners to submit concrete proposals and added a partnership would include all of its divisions, notably beer, non-alcoholic beverages and real estate.
"Undoubtedly, all of the major brewers should be interested in such a deal. Synergies range from €15 per share for Carlsberg, virtually zero for Scottish & Newcastle (S&N) and €35 for SAB and Heineken," WestLB Panmure beverage analyst Stuart Price said. “There could be regulatory issues in Hungary only (where Interbrew, SAB, and BBAG have similar market shares. Though the exact form of the strategic alliance is very much open, the danger is that BBAG may want equity - as did the Hartwall family with S&N,” he added.... more info
BBH's managing director, Christian Ramm-Schimdt, has anounced that Baltic Beverages Holding plans to invest about US$ 100 million in its private breweries “Slavutich” (Zaporozhye, Ukraine) and “Irbis” (Kazakhstan). The majority of the investment is to be made in upgrading and expanding production facilities. Baltic Beverage Holding (BBH) is a brewing group jointly owned by Carlsberg and Scottish & Newcastle.
More news are available on site www.e-malt.com
Trading in the shares of the largest brewer in China, Tsingtao, was suspended on the Kong Kong Stock Exchange on morning January 23...
The Belgian beer giant Interbrew has lost its second attempt to challenge the banking group, HSBC, over the use of its slogan, "the world's local bank"...”
The German brewer, Holsten Brauerei, said sales of canned and bottled beer had fallen by 20% during the first 12 days of the year although sales in glass bottles had increased...
SABMiller, the world's second largest brewer, met analysts’ expectations when it announced delivered a trading statement for the third quarter...
The German brewer, Krombacher Brauerei, which employs 770 people, has registered an output of 4.83 million hl for 2002 year – 3.7% more than for the previous year...
The Colombian beer maker, Bavaria, will hold a 49.1% stake in the Peruvian brewer Backus & Johnston (Backus) and enjoy a virtual monopoly in the Peruvian beer sector...
International Malting Co., LLC, informed Governor Judy Martz on Tuesday, January 21, 2002, that it will start construction in May on a 16-million-bushel malting plant on the north side of Great Falls...
British brewers are worrying for the tax of GBP 5 for the motorists that will enter Central London between 7am and 6.30pm charged from February 17, The Publican reports...
The Belgian 'special' brewers who have seen their products effectively barred from the French market by a new tax on strong beer have sent an ultimatum to the French government...
Turk Tuborg, the Turkish subsidiary of the Danish beer producer, Carlsberg, has reported it intends to cut 10% of its workforce, in order to move the loss-making business towards profit...
The investment bank Morgan Stanley has restated its ratings on two of Europe's largest brewers. Its analysts said that Dutch brewer Heineken had been upgraded to "overweight" from "equal-weight"...
As a result of sales decrease in 2002, the German brewer Warsteiner plans to axe workplaces. The company’s sales fell 8.9% in 2002 down to 3.91 million...
Carib Beer, a beer brand, based in Trinidad & Tobago, “has entered into a five-year sponsorship deal for the West Indies four-day first-class cricket championship...
The second largest brewer in Belgium, Alken Maes, part of S&N, plans to close its output side at Waarloos in the province of Antwerp. Now the plant employs 130 people...
2. Theoretical malt prices.
| EURO = USD 1.0753 January 24, 2003 |
| Crop year |
2002 |
| Parity |
FOB Antwerp |
| Position |
Oct 2002-Sept 2003 |
| Conditioning |
Bulk |
In bags |
Bulk containers |
In bags in containers |
| Malting barley variety |
EURO |
USD |
EURO |
USD |
EURO |
USD |
EURO |
USD |
| 2RS |
Prisma |
301.50 |
324.00 |
316.50 |
340.50 |
313.50 |
337.00 |
322.50 |
347.00 |
| 2RS |
Scarlett |
303.00 |
326.00 |
318.50 |
342.50 |
315.50 |
339.00 |
324.50 |
349.00 |
| 2RS |
Aspen |
300.00 |
322.50 |
315.50 |
339.00 |
312.50 |
336.00 |
321.50 |
345.50 |
| 2RS |
Optic |
300.00 |
322.50 |
315.50 |
339.00 |
312.50 |
336.00 |
321.50 |
345.50 |
| 2RS |
Nevada |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
nq |
| 2RS |
Astoria |
297.50 |
320.00 |
313.00 |
336.50 |
310.00 |
333.50 |
319.00 |
343.00 |
| 2RS |
Cork |
296.50 |
318.50 |
311.50 |
335.00 |
308.50 |
332.00 |
318.00 |
341.50 |
| 2RS |
Average price |
300.00 |
322.50 |
315.50 |
339.50 |
312.50 |
336.00 |
321.50 |
346.00 |
| 2RS |
FAQ |
295.00 |
317.50 |
310.50 |
334.00 |
307.50 |
330.50 |
316.50 |
340.50 |
| 6RW |
Esterel |
275.00 |
296.00 |
290.50 |
312.50 |
287.50 |
309.00 |
296.50 |
319.00 |
|
Theoretical malt prices for crop 2003 are available on site www.e-malt.com
3. Malting barley prices. French barley prices. Nominal prices.
| EURO = USD 1.0753 January 24, 2003 |
| Crop year |
2002 |
2003 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2002 |
July 2003 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
147.50 |
159.00 |
148.00 |
159.50 |
| 2RS |
Prisma |
146.00 |
157.00 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
146.50 |
157.50 |
| 2RS |
Aspen |
145.00 |
156.00 |
145.00 |
156.00 |
| 2RS |
Optic |
145.00 |
156.00 |
145.00 |
156.00 |
| 2RS |
Nevada |
nq |
nq |
nq |
nq |
| 2RS |
Astoria |
143.00 |
154.00 |
143.00 |
154.00 |
| 2RS |
Cork |
142.00 |
153.00 |
143.00 |
154.00 |
| 6RW |
Esterel |
128.00 |
138.00 |
124.00 |
133.50 |
