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E-Malt.com newsletter
February 17 - February 19, 2003
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1. Trading info
At this moment there is
one OFFER for 1500 tons of malt on the trading portal www.e-malt.com
- Offer for 1000-1500 mtons of malt, 6RW, Esterel(100%), crop 2002, in bags,
delivery 01/05/2003 - 30/09/2003, at EUR 287.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF0602P2100)
Top Industry News
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Beer production by country in 2002.
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BBH, Baltic Beverages Holding, has now risen to become Ukraine's third biggest beer supplier.
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The Peruvian brewer, Backus y Johnston (Backus), reported net sales in the fourth quarter rose from PS258.0m to PS292.4m.
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Heineken, the Dutch brewer, is going to change the name of the Saint-Petersburg brewery, OOO “Bravo International”.
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Carlton & United Breweries (CUB), the Australian brewing division of Foster’s Group Limited (Foster’s) announced on February 14...
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More news are available on site www.e-malt.com
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Every fifth Russian town-dweller drinks about 5 litres of beer per day. This is the result of a survey realized by the Russian independent statistic agency
...more info
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The U.S. maker of Budweiser and Bud Light beers lost a long-running legal battle in Britain on Monday to block a rival Czech brewer using the trademark "Bud"
...more info
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The UK's leading brewing force, Scottish & Newcastle (S&N), is reported to be in advanced negotiations with Nomura International over the sale of around 700 of its pubs
...more info
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Hungarian brewery Brau Union Hungaria Sorgyarak Rt reported a 1.2 percent drop in 2002 pre-tax profits on Friday and said its share of a slightly rising market had dipped
...more info
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San Miguel Corp is looking for business opportunities in Australia and Taiwan as it moves to beef up regional business
...more info
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Adolph Coors Company (ACC) and its principal subsidiary, Coors Brewing Company (CBC), appointed on February 13, 2003 Charles M. Herington to
...more info
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The USA brewer, Boston Beer Company Inc., announced on February 13 forth quarter 2002 volume, revenue and earnings
...more info
2. Industry news
The world biggest beer output in 2002 was registered in the USA with 240.89 million hl – 1.43% more than in 2001. The second place is held by China with 240 million hl – 5.73% more than in 2001. Germany comes to the third place with 107.7 million hl of beer.
Beer output in Ukraine increased 14.35% in 2002 against 2001. Ukraine produced about 14.98 million hl of beer in 2002. Some other initial, partly provisional figures are given in the table below:
in 1000 hl
| |
2001 |
2002 |
% |
| USA |
237,488 |
240,888 |
1.43 |
| China |
227,000 |
235-240,000 |
5.73 |
| Germany |
107,815 |
107,714 |
-0.09 |
| Japan |
71,080 |
68,600 |
-3.49 |
| Mexico (Jan./Sept.) |
47,080 |
48,397 |
2.80 |
| France |
18,866 |
18,117 |
-3.97 |
| Ukraine |
13,100 |
14,980 |
14.35 |
BBH, Baltic Beverages Holding, has now risen to become Ukraine's third biggest beer supplier. The Scottish & Newcastle-Carlsberg Breweries-owned brewer increased its Ukraine beer sales by 30% in January 2003 up to 16,6 million litres of beer against January 2002. “Slavutich” (Zaporozhye) owned by BBH increased the sales in January by 25% up to 11.2 million litres against January 2002. OAO “Lvovskaia Pivovarnya” increased the sales by 32% up to 5.4 million litres.
BBH increased the beer sales in 2002 by 26.6% up to 280 million litres.
The Peruvian brewer, Backus y Johnston (Backus), reported net sales in the fourth quarter rose from PS258.0m to PS292.4m. Company registered net profit of PS64.9m in the fourth quarter of 2002, up from PS43.2m in the corresponding quarter of 2001. For the full year, net profit rose from PS118.6m to PS216.9m, on sales up from PS880.5m to PS1.03 billion.
Having acquired a 24.5% stake in Backus, which has a virtual monopoly in the Peruvian beer market, in July 2002, the Colombian brewing group, Bavaria, acquired a further 24.6% stake in the company from Empresas Polar of Venezuela in December, giving Colombia a 49.1% stake in Backus. Under Peruvian regulations, this must trigger an open offer for the company, and Bavaria announced in January that it was planning to make an offer in March for the outstanding shares in Backus at $27.00 per share.
Heineken, the Dutch brewer, is going to change the name of the Saint-Petersburg brewery, OOO “Bravo International”, into OOO “Pivovarnya Heineken”, with effect from the March 1st 2003. The brewery Bravo is the producer of Bochikariov, Ohota and Loewenbrau beer brands. Bravo output about 280 million litres of beer in 2002 and according to analysts held 5.2% stake of Russian beer market.
Heineken acquired the brewery a year ago in April 2002 from the Icelandic founders of the company. The deal of the price was not revealed, however in February 2002 representatives of Heineken announced that they appraise the brewery at US$ 400 million and that it will take a year to complete the deal. Hence the change of the name from ‘Bravo’ into ‘Pivovarnya Heineken’ means Heineken becomes the full owner of the company.
After renaming into Pivovarnya Heineken, the company will begin the production of a beer brand with the same name by the middle of 2003 year, according to Heineken. The company will also keep the production of the current beer brands.
Carlton & United Breweries (CUB), the Australian brewing division of Foster’s Group Limited (Foster’s) announced on February 14 it had completed the transaction to acquire Bulmer Australia Limited (BAL), a wholly owned subsidiary of UK based HP Bulmer.
The company announced on 19 December 2002 its intention to acquire BAL subject to two pre-conditions, which have now been met. Those conditions involved HP Bulmer UK shareholder and Australian regulatory approval. The total purchase consideration is $63 million.
3. Theoretical malt prices.
| EURO = USD 1.0734 February 18, 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 |
294.00 |
315.50 |
309.50 |
332.00 |
306.50 |
329.00 |
315.50 |
338.50 |
| 2RS |
Scarlett |
294.50 |
316.50 |
310.00 |
333.00 |
307.00 |
329.50 |
316.50 |
339.50 |
| 2RS |
Aspen |
293.50 |
315.00 |
309.00 |
331.50 |
306.00 |
328.50 |
315.00 |
338.00 |
| 2RS |
Optic |
293.00 |
314.50 |
308.50 |
331.00 |
305.50 |
327.50 |
314.50 |
337.50 |
| 2RS |
Astoria |
291.00 |
312.50 |
306.50 |
329.00 |
303.50 |
325.50 |
312.50 |
335.50 |
| 2RS |
Cork |
291.00 |
312.50 |
306.50 |
329.00 |
303.50 |
325.50 |
312.50 |
335.50 |
| 2RS |
Average price |
293.00 |
314.50 |
308.50 |
331.00 |
305.50 |
327.50 |
314.50 |
337.50 |
| 2RS |
FAQ |
290.00 |
311.00 |
305.00 |
327.50 |
302.00 |
324.50 |
311.50 |
334.00 |
| 6RW |
Esterel |
268.00 |
287.50 |
283.50 |
304.00 |
280.50 |
301.00 |
289.50 |
310.50 |
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Theoretical malt prices for crop 2003 are available on site www.e-malt.com
4. Malting barley prices. French barley prices. Nominal prices.
| EURO = USD 1.0734 February 18, 2003 |
| Crop year |
2002 |
2003 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2002 |
July 2003 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
141.50 |
152.00 |
143.50 |
154.50 |
| 2RS |
Prisma |
141.00 |
151.50 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
142.50 |
153.00 |
| 2RS |
Aspen |
140.50 |
151.00 |
140.50 |
151.00 |
| 2RS |
Optic |
140.00 |
150.50 |
140.50 |
151.00 |
| 2RS |
Astoria |
138.50 |
149.00 |
139.00 |
149.50 |
| 2RS |
Cork |
138.50 |
149.00 |
139.00 |
149.50 |
| 6RW |
Esterel |
123.00 |
132.50 |
123.50 |
132.50 |
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