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E-Malt.com Newsletter 11b
March 11 - March 14, 2010
Open!
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Quote of the week

"Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential."
John Maxwell
Currency Rates
Base Currency: Euro, EUR
on 12-March-2010

1 EUR = 1.3659 USD
1 EUR = 0.9096 GBP
1 EUR = 1.4026 CAD
1 EUR = 1.4933 AUD
1 EUR = 123.622 JPY
1 EUR = 2.4204 BRL
1 EUR = 40.285 RUB
1 EUR = 9.3375 CNY
Base Currency: US Dollar
on 12-March-2010

1 USD = 0.7322 EUR
1 USD = 0.6658 GBP
1 USD = 1.0268 CAD
1 USD = 1.0933 AUD
1 USD = 90.5144 JPY
1 USD = 1.772 BRL
1 USD = 29.4935 RUB
1 USD = 6.8362 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

March 12, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR95.0-99.0 EUR120.0-124.0 0.81%
6rw Barley EUR92.0-96.0 EUR107.0-111.0 1.80%
2rs Malt EUR276.0-280.0 EUR303.0-307.0 0.49%
6rw Malt EUR272.0-276.0 EUR287.0-291.0 0.86%
Feed Barley EUR87.0-91.0 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

France: New Soufflet malthouse almost ready to start full scale production ...Click here
United States: AB InBev files a suit against an Illinois state regulator ...Click here
China: Chongqing Brewery posts a 10% net profit increase for 2009 ...Click here
Japan: Asahi Breweries beer sales down 12.5% in February 2010 ...Click here
Belarus: Jan – Feb beer exports up almost 67% versus the same period last year ...Click here
EU: Unfavourable sowing conditions may result in barley crop of poor quality this year ...Click here
Canada: Barley exports not expected to exceed 2.3 mln tonnes both in 2009-10 and 2010-11 ...Click here
France: Barley sales to EU nations expected to amount to 3.9 mln tonnes in 2009/10 ...Click here


More News


New Zealand: Big brewers to increase beer prices ...More Info
Czech Republic & Sweden: Gambrinus beer gaining in popularity in Sweden ...More Info
Ukraine: 2010 barley output expected to reach 11.5 mln tonnes ...More Info
United Kingdom: Molson Coors to ‘work directly with the drinks trade in Northern Ireland’ ...More Info
Romania: Number of pubs on the rise thanks to demand for imported beer ...More Info
Go to our news database with more than 16691 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

United States: AB InBev files a suit against an Illinois state regulator

Anheuser-Busch InBev NV has sued an Illinois state regulator for blocking its attempt to buy an alcoholic beverage distributor, in violation of the U.S. Constitution, Reuters reported on March, 11.

The lawsuit by the world's largest brewer followed this week's ruling by the Illinois Liquor Control Commission that the Leuven, Belgium-based company was a "nonresident dealer," making it ineligible under state law to also operate as a distributor.

AB InBev had sought through its Wholesaler Equity Development Corp affiliate to buy the 70 percent of City Beverage it did not already own, for what it called a "substantial amount of money."

The seller is Soave Enterprises, a privately held, Detroit-based company with holdings in dozens of companies.

AB InBev has owned 30 percent of City Beverage since 2005.

A spokeswoman for the commission declined to comment on the lawsuit, which was filed in Chicago federal court against the Illinois commission and Acting Chairman Stephen Schnorf.

Illinois has a "three tier" system for selling alcoholic beverages that requires producers to sell beverages to wholesalers or distributors, which then sell them to bars, restaurants and stores.

The commission had in its March, 10 ruling defended the system, which it said achieves the public policy objectives of avoiding potential vertical ...More Info


China: Chongqing Brewery posts a 10% net profit increase for 2009

China’s Chongqing Brewery Co Ltd sold 1 million kiloliters of beer last year, 2.11% more than in 2008, China Knowledge cited on March, 12 a company statement filed with the Shanghai Stock Exchange.

Net profit attributable to shareholders surged 10.91% year on year, hitting RMB181 million, and operating revenue was RMB2.26 billion, up 6.56% from a year earlier.

Earnings per share were RMB 0.37 and a dividend of RMB0.3 per share will be paid, the company said.

In 2010, the brewery aims to sell 1.12 million kL to reap RMB2.59 billion in operating revenue. Capital expenditure could reach RMB1.49 billion.


Japan: Asahi Breweries beer sales down 12.5% in February 2010

Japan’s Asahi Breweries said on March, 10 its total beer sales dropped by 12.5% to 126,946 kl in February 2010.

As compared to the same month in 2009, sales of ordinary beer fell by 11.6% to 81,349 kl last month. Sales of low-malt happoshu beer plummeted 20.7% to 17,894 kl, whereas malt-based new genre beer saw a 9.4% decline in demand to 27,703 kl.

As for sales by brand, Asahi’s Style Free showed a 9% decline to 810 cases, sales of Super Dry dropped by 11.3% whereas sales of Clear Asahi remained the same as in February 2009 at 1,360 cases.

The company’s total beer sales in the first two months of this year dropped by 9.9% to 214,768 cases, the biggest decline shown by happoshu beer (minus 23.5% versus the same period in 2009). Ordinary beer saw a 10.1% drop in demand, whereas sales of new genre beer increased by 3.1%.


Belarus: Jan – Feb beer exports up almost 67% versus the same period last year

Belarusian brewers increased their beer exports by 66.7% in the first two months of this year, Prime-Tass reported on March, 11.

Total export of Belarusian beer amounted to 23.63 thousand hl in January – February 2010.

The main export destinations for the nation’s beer industry are the neighbouring Russia and Ukraine, as well as Moldova, Latvia, Azerbaijan, Estonia, and the UK.

A state plan stipulates an export volume of 0.347 mln hl for the current year.


Malt News

France: New Soufflet malthouse almost ready to start full scale production

French maltster Soufflet has begun pilot production at its new malthouse in Nogent, France, in January 2010, L'Est Eclair posted on March, 11.

The construction works have not been really completed but the test malting was started at the beginning of this year. The plant with its capacity of 165 thousand tonnes of malt per year is the world’s largest malthouse, Thierry Berger, Marketing and External Relations Manager, said.

The new facility has become an extension to Soufflet’s existing malthouse producing annually 72 thousand tonnes of malt. Total investments volume has not been disclosed.

“Of our 21 malting plants across the world, this one is incontestably the gem,” Mr. Berger said.


Barley News

EU: Unfavourable sowing conditions may result in barley crop of poor quality this year

Malting barley sellers have shown little interest in deals over the last week, La Depeche posted on March, 12.

The area planted to malting barley in the EU is much smaller this year and the seeding is behind schedule due to unfavourable weather.

The sowing conditions have already raised questions on the quality of this year’s barley crop, industry sources said.


Canada: Barley exports not expected to exceed 2.3 mln tonnes both in 2009-10 and 2010-11

Statistics Canada said on March, 10 that it has reduced marginally the nation’s barley exports forecasts for 2009-10 due to strong competition in the world malting barley market.

Canada’s carry-out barley stocks are forecast to fall by 23% to 2.2 mln tonnes, slightly below the 10 year average.

The off-Board price of feed barley is forecast to fall by about C$30/t from last year, Agriculture and Agri-Food Canada said.

For 2010-11, Canada’s barley seeded area is forecast to fall by 3% to 3.4 mln ha but harvested area is expected to rise due to lower abandonment. Production is forecast to decrease marginally to 9.45 mln tonnes as yields fall to trend levels. Total supply is forecast to fall by 6% to 11.69 mln tonnes due to lower carry-in stocks.

Domestic feed use is projected to decline due to lower livestock numbers. Total exports are forecast to be unchanged from 2009-10 at 2.3 mln tonnes in 2010-11 while carry-out stocks fall by 5% to 2.1 mln tonnes. The off-board price of feed barley is forecast to fall slightly from 2009-10.


France: Barley sales to EU nations expected to amount to 3.9 mln tonnes in 2009/10

FranceAgriMer raised on March, 10 its forecast for France’s barley sales to other EU nations.

About 3.9 mln tonnes of French barley are expected to be sold within EU in 2009/10 (+65,000 tonnes versus the forecast posted last month), mostly due to an increased demand for French barley in Spain, FranceAgriMer said.

Spain is forecast to purchase about 600 thousand tonnes of French barley in 2009/10 versus only 200 thousand tonnes last year.

France’s malt exports are expected to reach 1.1 mln tonnes this season, the forecast reduced by 100 thousand tonnes versus last month.

Scientific Digest

Production of Beer with a Genetically Engineered Strain of S. cerevisiae with Modified Beta Glucanase Expression

Yang Shengli Liu Zhongshan, Chi Shengzhou, He Sheng, Meng Qingwei, Liu Congcong, Lin Yi and He Guoqing

J. Inst. Brew. 115(4), 361–367, 2009 ABSTRACT
This study used a recombinant Saccharomyces cerevisiae strain, which expressed both beta-glucanase enzyme and reduced Proteinase A expression during wort fermentations. The genetic stability and fermentation features of the strain were examined. The recombinant strain’s proteinase A activity was reduced compared to the parent strain; beta-glucanase was produced throughout the fermentation. The fermentation with the recombinant S. cerevisiae strain exhibited a larger reduction in beta-glucan content than what was observed with the control strain, with beta-glucan degradation above 80%. The foam stability period was reduced when the beer produced by the recombinant S. cerevisiae was stored for 3 months. SDS-PAGE analysis of the beer proteins indicated that lipid transfer protein 1 had disappeared. Fermentation studies indicated that based on the parameters examined, this recombinant strain was suitable for industrial beer production. Key words: draft beer, foam, beta-glucanase, proteinase A, recombinant S. cerevisiae.
Load full article, 7 pages, 377kb , PDF file

Barley Prices
EURO = USD 1.3659 March 12, 2010  
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  99.00  135.50  124.00  169.50 
2RS  Prestige  98.00  134.00  123.00  168.50 
2RS  Cellar  97.00  132.50  122.00  167.00 
2RS  Sebastien  96.00  131.50  121.00  165.50 
2RS  Tipple  96.00  131.50  121.00  165.50 
2RS  Henley  96.00  131.50  121.00  165.50 
6RW  Esterel   94.00  128.50  109.00  149.00 

French Feed Barley Prices. Nominal prices
EURO = USD 1.3659 March 12, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 89.00 121.57


Theoretical Malt Prices

  EURO = USD 1.3659 March 12, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  Mar 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  280.50  382.50  311.50  425.50  304.00  415.00  318.00  434.50 
2RS  Prestige  279.00  381.00  310.50  423.50  302.50  413.50  317.00  432.50 
2RS  Cellar  278.00  379.50  309.00  422.00  301.50  411.50  315.50  431.00 
2RS  Sebastien  276.50  377.50  308.00  420.50  300.00  410.00  314.50  429.50 
2RS  Tipple  276.50  377.50  308.00  420.50  300.00  410.00  314.50  429.50 
2RS  Henley  276.50  377.50  308.00  420.50  300.00  410.00  314.50  429.50 
2RS   Average price  278.00  379.50  309.00  422.00  301.50  411.50  315.50  431.00 
6RW  Esterel   274.00  374.50  305.50  417.00  297.50  406.50  312.00  426.00 
Asia Malt 70/30  276.50  378.00  308.00  420.50  300.50  410.00  314.50  429.50 
**  Asia Malt 50/50  276.00  377.00  307.00  419.50  299.50  409.00  313.50  428.50 


EURO = USD 1.3659 March 12, 2010 
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  307.50  420.00  338.50  462.50  331.00  452.00  345.50  471.50 
2RS  Prestige  306.50  418.50  337.50  461.00  330.00  450.50  344.00  470.00 
2RS  Cellar  305.00  416.50  336.50  459.50  328.50  449.00  343.00  468.50 
2RS  Sebastien  304.00  415.00  335.00  457.50  327.50  447.00  341.50  466.50 
2RS  Tipple  304.00  415.00  335.00  457.50  327.50  447.00  341.50  466.50 
2RS  Henley  304.00  415.00  335.00  457.50  327.50  447.00  341.50  466.50 
2RS   Average price  305.00  416.50  336.50  459.50  328.50  449.00  343.00  468.50 
6RW  Esterel   289.00  395.00  320.50  437.50  312.50  427.00  327.00  446.50 
Asia Malt 70/30  300.50  410.00  331.50  452.50  324.00  442.50  338.00  461.50 
**  Asia Malt 50/50  297.00  405.50  328.50  448.50  320.50  438.00  335.00  457.50 

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

EU Malt Exports

  Licence Fixations Export Shipments
(Adjusted)
Export Shipments
(To be adjusted)
(in tonnes) 2007-2008 2008-2009 July 01, 2009 -
Decmber 31, 2009
France 357,498 323,305 158,538
Germany 352,420 241,245 104,919
Belgium 578,586 688,350 342,900
Bulgaria 2,860 804 284
U.K. 106,867 127,324 82,605
Finland 60,217 46,540 19,085
Denmark 99,380 54,942 24,970
Sweden 96,700 84,880 24,354
Netherlands 90,756 99,057 66,600
Ireland - - -
Italy 3,148 2,773 1,181
Austria 9,085 6,511 3,161
Spain - 19,058 6,004
Romania 500 - -
Portugal 476 1,028 680
Czech Republic 25,203 21,635 14,729
Poland 2,025 2,066 -
Hungary 2,638 13,099 9,500
Slovakia 16,645 16,796 8,077
Lithuania 1,855 1,038 2,195
Latvia - 347 110
Total EU 1,806,858 1,750,797 869,891

Total Roasted malt, tonnes
July 01 - December 31, 2009 22,595
Total 2008 - 2009 39,945
Total 2007 - 2008 28,177
Source: Eurostat
Graph of the Week


Source: ABARE, February 2010

These Days in Business History
March 11
1702 1st English daily newspaper "Daily Courant," publishes
1935 Bank of Canada opens
1986 187.27 million shares traded in New York Stock Exchange

March 12
1365 University of Vienna founded
1970 Digital Equipment Corporation introduces PDP-11 minicomputer
1986 210.25 million shares traded in New York Stock Exchange

March 13
1974 Charles de Gaulle Airport opens near Paris France
1979 European Monetary System is established, ECU created
1986 Microsoft Corp. goes public at an initial offering price of $21 a share, raising $61 million just one day after Oracle Corp.'s own IPO. Microsoft closes the day at $28.

March 14
1634 Académie Française opens
1821 On one of the quietest days in Wall Street history, the market is open, but not a single share of stock changes hands.
1950 General Motors reports net earnings of $656,434,232 (record)
Agenda