If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?6287
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 46a
November 09 - November 11, 2009
Open!
Click here to get full size Newsletter


Quote of the week

"Peace is not merely a distant goal that we seek, but a means by which we arrive at that goal."
Martin Luther King Jr.
Currency Rates
Base Currency: Euro, EUR
on 11-November-2009

1 EUR = 1.4983 USD
1 EUR = 0.8966 GBP
1 EUR = 1.5825 CAD
1 EUR = 1.6137 AUD
1 EUR = 134.701 JPY
1 EUR = 2.5602 BRL
1 EUR = 43.0553 RUB
1 EUR = 10.2448 CNY
Base Currency: US Dollar
on 11-November-2009

1 USD = 0.6675 EUR
1 USD = 0.5985 GBP
1 USD = 1.0562 CAD
1 USD = 1.0771 AUD
1 USD = 89.9045 JPY
1 USD = 1.7088 BRL
1 USD = 28.7369 RUB
1 USD = 6.8378 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend

November 11, 2009

Type Crop 2009 Crop 2010
2rs Barley EUR98.0-102.0 1.01% EUR118.0-122.0
6rw Barley EUR95.0-99.0 1.04% EUR110.0-114.0
2rs Malt EUR284.0-288.0 0.53% EUR307.5-311.5
6rw Malt EUR279.0-283.0 0.36% EUR297.0-301.0
Feed Barley EUR94.0-98.0 1.05% nq 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

Belgium: AB InBev expected to post lower sales, profits for Q3 2009 ...Click here
CIS: Efes Breweries International reports lower sales volume, higher EBITDA for the first nine months of this year ...Click here
Russia: Bill that may triple excises on beer accepted in the first reading ...Click here
Australia: Coopers Brewery increases sales and profits in 2008/09 FY ...Click here
Romania: Heineken Romania increases turnover by 12% in H1 2009 ...Click here
United Kingdom: Maltster Simpsons confident of exceeding last year’s record sales this year ...Click here
Australia: Barley production, usage, and exports to decrease in 2009-10 ...Click here
United States: Oversupply of malting barley pushing contracts with maltsters into the next crop ...Click here
United Kingdom: Malting barley surplus forecast to increase next year ...Click here


More News


The Philippines: San Miguel Brewery to list its P38.8 bln worth of bonds on the Philippine Dealing & Exchange Corp. ...More Info
Japan: Fair Trade Commission asks for more details on Kirin/Suntory merger ...More Info
United States: New malting barley varieties tested with much care ...More Info
Kenya: Brewers get extension on payment of lower import on malt and barley ...More Info
Bulgaria: Finance Ministry considers an increase in beer excise duty - sources ...More Info
Russia & Azerbaijan: Baltika Breweries sales volume in Azerbaijan down 1.5% in the first nine months of this year ...More Info
Western Europe: AB InBev to restructure marketing in Western Europe ...More Info
Tanzania: Tanzanian competition authorities investigating Tanzania Breweries allegedly anti-competitive behaviour ...More Info
United Kingdom: First barley offered in intervention ...More Info
Estonia: Alexander beer most sold product in August and September this year ...More Info
Latvia: Brewer Cēsu alus launches a porter specially for the winter season ...More Info
Swaziland: Not true that Swazi beer is stronger than that of its neighbours ...More Info
Go to our news database with more than 16102 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Belgium: AB InBev expected to post lower sales, profits for Q3 2009

World’s No. 1 brewer, Belgium-based AB InBev, is expected to report on November, 12 a decline in consumption of its beers such as Budweiser, Stella Artois and Beck's, weighing on profits in the first half, Reuters communicated on November, 10.

The world's largest brewer is expected to have suffered a 3 percent decline in beer volumes, according to a Reuters survey of 16 banks and brokerages, partly due to sluggish European markets and partly because U.S. volumes grew strongly a year ago due to the launch of Bud Light Lime.

World number two SABMiller reported a 1 percent decline in volumes for its half year to end September. Heineken's volumes were down 4.7 percent on a like-for-like basis in the third quarter, while Carlsberg's were off 5 percent.

For AB InBev, higher prices should partly compensate for slowing sales, notably in the United States where rival MillerCoors said pricing was strong, and the company's tight cost control should lead to an improvement in the core profit margin.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are forecast at $3.52 billion, down 1 percent from the figure reported a year ago, but up some 7 percent on a like-for-like basis.

AB InBev said in August it ...More Info


CIS: Efes Breweries International reports lower sales volume, higher EBITDA for the first nine months of this year

Efes Breweries International N.V. (“EBI” or “the Company”) announced on November, 10 its consolidated unaudited financial results in accordance with IFRS for the nine months period ended 30 September 2009.

In 9M2009 EBI’s consolidated sales volume was 10.8 mln hl, down by 3.7% compared to the same period of the previous year. Organic sales volume (By excluding i) January – February 2009 sales volume of JSC Lomisi in Georgia, which EBI acquired in February 2008 and started full consolidation starting from March 1st 2008, ii) the sales volume of Efes Serbia, which is excluded from EBI’s financials after the end of 1H2008) declined by 2.6% in the period. Although consolidated sales volumes in the third quarter continued to be under pressure by declining 2.3% compared to the same quarter of previous year, volume performance was better vs. the first half of the year, mainly due to better performance in Russia.

In Russia, 9M2009 sales volume declined by 4.3% to 8.4 mln hl compared to 9M2008. The downward trend in the Russian beer market, resulting from the deteriorating consumer demand as a result of the global financial crisis, continued in the third quarter of 2009, albeit at a slightly slower rate. EBI has ...More Info


Russia: Bill that may triple excises on beer accepted in the first reading

Russia's lower house of parliament accepted in the first reading a bill to triple duties on beer, Reuters reported on November, 6.

The bill was approved by a majority of 315 votes to include amendments to the tax code to increase the duty on beer to 9 roubles from the current 3 roubles.

The bill implies the duties will rise to 10 roubles from Jan. 1 2011 and to 12 roubles from Jan. 1 2012 for the beer which averaged from 0.5 percent to 8.6 percent alcohol per one litre and makes more than 90 percent of all beer sold in Russia.

Government officials have said the bill will bring in an extra 65 billion roubles ($2.24 billion) of budget revenues in 2010, specifying this would go into the regional and federal budgets, which is seen running a deficit of 6.8 percent of GDP next year, or around 3 trillion roubles.

It was not immediately clear when the Duma will hear the bill in the key second reading, when most draft bills can be amended.

Danish brewer Carlsberg has said the firm could shut down some factories in Russia while new higher duties could cost the country some 100,000 jobs.

The shares of Carlsberg, ...More Info


Australia: Coopers Brewery increases sales and profits in 2008/09 FY

Coopers Brewery said on November, 6 that it has withstood the impact of the Global Financial Crisis and high malt prices to continue its growth in sales and profits during the 2008-09 financial year.

The company’s turnover for 2008-09 increased 5% to A$169 million, compared with A$161 million in 2007-08, while after tax profit rose to A$20.3 million, compared with A$20.2 million in the previous year.

Total sales volume for beer rose by 1%, led by a 6.3% increase in sales outside Coopers’ home markets of South Australia and the Northern Territory. Coopers now accounts for 3.4% of the total Australian beer market, up from 3.3% at the end of the 2007-08 financial year.

Coopers Managing Director, Dr Tim Cooper, said profits for the year were affected by the high malt prices that prevailed throughout the year, while the financial slowdown had reduced the growth in sales enjoyed in previous years.

“While the financial slowdown did impact on beer sales, this was partially offset by a rise of 3.9% in home brew sales,” he said.

“Part of this improvement was attributed to the tighter economic conditions resulting from the Global Financial Crisis, as sales of home brew concentrates have historically been seen to rise in ...More Info


Romania: Heineken Romania increases turnover by 12% in H1 2009

Heineken Romania reported 12% increase in turnover for the first half of 2009 compared to same period last year, reaching EUR 509 million (gross) and EUR 436 million (net), FoodBizDaily communicated on November, 9.

"Our investments are focused on our key brands and our strategy to focus on the assets of the company. Moreover, since the beginning of the year, we have improved our ability to generate cash flow, "said Jan Derck van Karnebeek, General Manager Heineken Romania.

In the first half of 2009, the Romanian beer market decreased by approximately 11% in terms of volume according to the estimates presented by Heineken Romania in a press release. The decrease in the Romanian beer market is the result of the local and international economic situation, which led to a lowering of the Romanian purchasing power and of their confidence.

In the first half of the year, the Super Premium segment had a market share of 9.5%, the Premium segment – 12,2%, the Mainstream segment – 36,5%, the Cheap segment– 39% and the alcohol free segment – 2,8%.

For Heineken it is important to keep on investing in its brands on the long run. The company’s target for the end of 2009 and the ...More Info


Malt News

United Kingdom: Maltster Simpsons confident of exceeding last year’s record sales this year

UK maltster Simpsons says it is on track to exceed last year's record sales of £120 mln but expects economic crisis will slow growth in 2010, Nebusiness.co.uk communicated on November, 9.

Falling pub beer sales and brewery closures are expected to deter progress next year but the Berwick firm says it is anticipating growth after that and well into the next decade.

The malting company was founded by James Parker Simpson in 1862 and is today the second largest maltster in the UK supplying over a quarter of the brewing and distilling industry.

In 2008 it recorded sales of around £120 mln which was well up on 2007’s £80 mln with much of this being accounted for by the spike in barley prices.

Tim McCreath, group managing director, said: “We are trading well and having just completed a major investment programme the business is in good shape. We have in place some long-term strategic contracts with some of the main brewers and distillers and as they grow we will grow with them.”

Historically the brewing, distilling and malting industries are the last into recession and the last out, McCreath said.

“With brewery closures looming in Leeds, with Tetley and the Berkshire Brewery in Reading, a ...More Info


Barley News

Australia: Barley production, usage, and exports to decrease in 2009-10

For 2009-10, Canadian barley production is expected to decrease significantly due to the decline in seeded area and lower yields, Agriculture and Agri-Food Canada communicated on November, 6.

Barley usage is expected to fall due to lower feed demand, although demand for malt and food barley is expected to remain stable. Exports of barley will be constrained by increased world supplies and stable world demand. Consequently, prices for feed and malt barley are expected to decline sharply from year ago levels. Over the medium term, barley production is projected to decline moderately for several years before rebounding slowly.

World barley production is expected by the USDA to decline by about 4 per cent, to 147 million tonnes (Mt) due to lower production in the EU-27, Russia and Canada which was partly offset by minor increases in Australia, Morocco, Ukraine, Turkey and Iran. However, supplies of barley are expected to decline only marginally due to the sharp rise in carry-in stocks.

Total consumption of barley is expected to rise by 3 per cent due to higher feed use in the EU-27, India, Morocco and Ukraine. World trade in barley is forecast to fall by 7 per cent due to lower exports from Russia and ...More Info


United States: Oversupply of malting barley pushing contracts with maltsters into the next crop

The oversupply in the US malting barley market has led the maltsters to roll over some of the 2009 contracts to later delivery dates with a storage payment included for those growers holding 2009 contracts, Farm & Ranch Guide communicated on November, 6.

In addition, some 2010 contracts are being offered to those who are willing to take the deferred delivery 2009 contracts.

“There's a large abundance of barley out there. We're pushing the whole malting barley contracts further out there into the next new crop,” Kelly Kotowicz of the Alvarado Elevator in Alvarado, Minn., said.

He said the 2010 contracts being offered are for delivery during the later months.

“We aren't offering any contracts for delivery off the field or during September or October,” he said. “Instead we will be pushing the delivery out into December or even as late as March 2011. The contracts are also being limited pretty much to existing growers.”

Kotowicz notes a few factors that have contributed to the large backlog of barley, including a huge drop off in export sales, a world-wide reduction in beer consumption, and the reluctance of the brewers and maltsters to hold on to a huge supply of barley. This came at a time ...More Info


United Kingdom: Malting barley surplus forecast to increase next year

The supply of British-grown malting barley is forecast to lurch further into surplus next year, with the surfeit expected to sail past the 1 million-tonne mark, Brewers’ Guardian cited on November, 6 experts preparing for the launch of a new barley variety.

Production of malting barley in 2008/09 reached 2.43 million tonnes, outstripping demand by 660,000 tonnes. For 2009/10 production is forecast to reach 2.78 million tonnes while demand is expected to be just 1.7 million tonnes.

“With demand predicted to be similar to that for 2009, a good quality crop in 2010 could mean another surplus, putting further pressure on malting barley prices,” said Bob King, commercial director at the UK’s Crisp Malting.

“However a poor quality crop in the UK or other parts of Europe could bring supply and demand into balance, resulting in a tight market.”

Despite the toll the recession has taken on global demand for brewing and distilling malt, King maintained that the sector continues to offer growers situated close to maltings or ports good prospects.

The current imbalance between supply and demand has been exacerbated by the growth in acreage of high yielding barley varieties, increased production, a crop that reached a ...More Info

Scientific Digest

Mashing Studies with Unmalted Sorghum and Malted Barley

Declan L. Goode, Catherine Halbert and Elke K. Arendt

Abstract:
The effects on wort quality when mashing with unmalted sorghum (0-100%) and malted barley (100-0%) in combination with industrial enzymes were evaluated. A mashing program with temperature stands at 50°C, 95°C and 60°C was used. Different combinations of commercial enzymes were evaluated. A heat stable α-amylase was found to be essential for efficient saccharification. The inclusion of a fungal α-amylase in mashes with a high sorghum content improved filtration rates to that of 100% malted barley mashes. Addition of a bacterial protease increased the amount of nitrogen solubilisation and peptide degradation. An increase of the relative proportion of sorghum in the grist resulted in decreases in wort filtration, colour, viscosity, attenuation limit, free amino nitrogen, high molecular weight nitrogen, and a corresponding increase in pH (p < 0.01). Overall the addition of malted barley in small proportions to unmalted sorghum mashes together with commercial enzymes was found to improve the potential for brewing a high quality lager beer from unmalted sorghum.
Key words: Adjuncts, enzymes, heat stable α-amylase, malted barley, sorghum, unmalted sorghum.
Load full article, 9 pages, 178 kb , PDF file

Barley Prices
EURO = USD 1.4983 November 11, 2009  
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  102.00  153.00  122.00  183.00 
2RS  Prestige  101.00  151.50  121.00  181.50 
2RS  Cellar  100.00  150.00  120.00  180.00 
2RS  Sebastien  99.00  148.50  119.00  178.50 
2RS  Tipple  99.00  148.50  119.00  178.50 
2RS  Henley  99.00  148.50  119.00  178.50 
6RW  Esterel   97.00  145.50  112.00  168.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.4983 November 11,2009
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 96.00 143.84


Theoretical Malt Prices

  EURO = USD 1.4983 November 11, 2009 
Crop year  2009 
Parity  FOB Antwerp 
Position  Nov 2009 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  288.50  432.00  319.50  478.50  311.50  467.00  326.00  488.50 
2RS  Prestige  287.00  430.00  318.50  476.50  310.50  465.50  324.50  486.50 
2RS  Cellar  286.00  428.00  317.00  475.00  309.50  463.50  323.50  484.50 
2RS  Sebastien  284.50  426.50  315.50  473.00  308.00  461.50  322.50  483.00 
2RS  Tipple  284.50  426.50  315.50  473.00  308.00  461.50  322.50  483.00 
2RS  Henley  284.50  426.50  315.50  473.00  308.00  461.50  322.50  483.00 
2RS   Average price  286.00  428.00  317.00  475.00  309.50  463.50  323.50  484.50 
6RW  Esterel   281.00  422.50  313.50  469.50  305.50  458.00  320.00  479.00 
Asia Malt 70/30  284.50  426.50  316.00  473.50  308.50  461.50  322.50  483.00 
**  Asia Malt 50/50  284.00  425.50  315.00  472.00  307.50  460.50  321.50  482.00 


EURO = USD 1.4983 November 11, 2009, 
Crop year  2010 
Parity  FOB Antwerp 
Position  Oct 2010 - Sept 2011 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  312.00  467.50  343.50  514.50  335.50  503.00  350.00  524.00 
2RS  Prestige  311.00  465.50  342.00  512.50  334.50  501.00  348.50  522.50 
2RS  Cellar  309.50  464.00  341.00  510.50  333.00  499.00  347.50  520.50 
2RS  Sebastien  308.50  462.00  339.50  508.50  332.00  497.50  346.00  518.50 
2RS  Tipple  308.50  462.00  339.50  508.50  332.00  497.50  346.00  518.50 
2RS  Henley  308.50  462.00  339.50  508.50  332.00  497.50  346.00  518.50 
2RS   Average price  309.50  464.00  341.00  510.50  333.00  499.00  347.50  520.50 
6RW  Esterel   299.00  449.00  331.00  496.00  323.50  484.50  337.50  505.50 
Asia Malt 70/30  306.50  459.50  338.00  506.50  330.50  494.50  344.50  516.00 
**  Asia Malt 50/50  304.50  456.50  336.00  503.50  328.50  491.50  342.50  513.00 

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

United States Hops Production by Variety 2008 - 2009e
Production in metric tons

Variety Crop 2008 Crop 2009e Change (%)
Apollo 706 816 15.58
Cascade 1,711 2,041 19.29
Chelan 730 635 -13.01
Columbus (Tomahawk) 5,735 5,216 -9.05
Galena 2,140 2,087 -2.48
Millenium 1,131 998 -11.76
Nugget 2,721 2,767 1.69
Summit 1,879 1,991 5.96
Super Galena 757 1,134 49.80
Willamette 4,668 3,493 -25.17
Zeus 8,050 7,938 -1.39
Other 6,334 7,571 19.53
Total 36,562 36,687 0.34
Source: Hopsteiner
Graph of the Week


Source: HGCA

These Days in Business History
November 09
1731 Benjamin Banneker, the brilliant African-American mathematician and inventor, is born on a farm in Ellicott's Mills, Md.
1801 Gail Borden, Jr. is born to Gail and Philadelphia Borden in Norwich. After a decade of constant experimentation with preserving food, Borden is awarded is awarded a U.S. patent for condensed milk in 1856.

November 10
1544 Antwerps painter John Matsys banished
1891 Granville T. Woods patents electric railway
1951 1st long distance telephone call without operator assistance

November 11
1493 Columbus discovers Saba
1925 Robert Millikan announces discovery of cosmic rays
1988 Oldest known insect fossils (390 million years) reported in Science
1993 Bill Gates buys Leonardo da Vinci's "Codex" for $30,800,000
Agenda