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E-Malt.com Newsletter 18b
April 29 - May 02, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"Learn from yesterday, live for today, hope for tomorrow."
Albert Einstein
Currency Rates
Base Currency: Euro, EUR
on 30-April-2010

1 EUR = 1.3239 USD
1 EUR = 0.868 GBP
1 EUR = 1.3318 CAD
1 EUR = 1.4283 AUD
1 EUR = 124.514 JPY
1 EUR = 2.3076 BRL
1 EUR = 38.7316 RUB
1 EUR = 9.0497 CNY
Base Currency: US Dollar
on 30-April-2010

1 USD = 0.7555 EUR
1 USD = 0.6556 GBP
1 USD = 1.006 CAD
1 USD = 1.0789 AUD
1 USD = 94.0615 JPY
1 USD = 1.743 BRL
1 USD = 29.2563 RUB
1 USD = 6.8358 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

April 30, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR99.0-103.0 EUR135.0-139.0 1.48%
6rw Barley EUR96.0-100.0 EUR116.0-120.0 0.85%
2rs Malt EUR279.5-283.5 EUR319.5-323.5 0.78%
6rw Malt EUR275.5-279.5 EUR296.5-300.5 0.51%
Feed Barley EUR89.0-93.0 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

China: Tsingtao Brewery’s net profit up 43% in Q1 2010 ...Click here
Japan: Asahi Breweries reports net profit in Q1 versus loss of Y964 million a year earlier ...Click here
China: Stake in Chongqing Brewery attracts several world’s biggest beer makers ...Click here
Denmark: Royal Unibrew reports positive Q1, though beer sales and market share in Denmark decline ...Click here
Australia: Foster’s beer market share down in the first three months of this year – AC Nielsen ...Click here


More News


Ukraine: Carlsberg may unite its two Ukrainian subsidiaries ...More Info
Finland: First quarter beer sales amount to 86.8 mln litres ...More Info
Brazil: Fitch Ratings revises AmBev’s national scale Rating Outlook to Stable ...More Info
United Kingdom: Mild beer seems to be returning to its former glory ...More Info
Belarus: Brewers see improvement in domestic malt quality ...More Info
The Czech Republic: Thank God there are now microbrewers here ...More Info
Brazil: Increasing beer consumption makes top beverage-can maker boost production ...More Info
Venezuela: President deprives Venezuela's leading brewer of land in Barquisimetro city ...More Info
Go to our news database with more than 16893 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

China: Tsingtao Brewery’s net profit up 43% in Q1 2010

April 29 - Tsingtao Brewery, China's best-known beer brand and No.2 brewer by volume, said its net profit rose 43 percent in the first quarter of 2010, on an expanding profit margin and higher sales, Reuters reported on April, 29.

Analysts are generally positive on Tsingtao due to an upbeat earnings growth outlook on hope of an improvement in gross margins and selling price, and as barley price is seen to remain soft in 2010.

The company's Tsingtao beer has sold strongly since last year, up 15 percent in the first quarter, leading to an improvement in profitability, said the company in a statement to the Hong Kong stock exchange.

Tsingtao said it aims to target the market for cheaper beers, while trying to maintain its share of the high-end market.

"As the peak season for the sales of beer will come soon, the company will promote the sales of new products and its secondary brand to increase its share in the mid-low-end market," it said.

Tsingtao, China's No.2 brewer by volume after CR Snow, a joint venture between China Resources Enterprises and SAB Miller, said earlier that it is targeting sales volume growth of two percentage points above the industry in ...More Info


Japan: Asahi Breweries reports net profit in Q1 versus loss of Y964 million a year earlier

Asahi Breweries Ltd. said on April, 30 that it swung into a net profit in the January-March quarter, owing to cutbacks in expenses and higher overseas sales resulting from the purchase of Schweppes.

The Tokyo-based beer maker had a scant group net profit Y4 million, compared with a loss of Y964 million a year earlier.

The company cited efforts to keep a lid on sales promotion expenses, among other cost reductions. In addition, its $774 million purchase of Schweppes, Cadbury PLC's Australian drinks business last year added Y17 billion to its sales in the just-ended quarter.

Sales during the quarter rose 2.4% to Y284.12 billion from Y277.40 billion, while it had an operating loss of Y2.46 billion, compared with a loss of Y4.94 billion a year earlier.

Japanese brewers tend to post relatively low profits, and sometimes losses, in the January-March quarter. Beer demand is usually weak during the period, and breweries spend a lot of money promoting new products ahead of the peak summer season.

For the full business year ending Dec. 31, it left its profit and sales outlook unchanged. It continues to predict a net profit of Y52 billion and sales of Y1.500 trillion.

The company's earnings ...More Info


China: Stake in Chongqing Brewery attracts several world’s biggest beer makers

China’s Chongqing Brewery Co Ltd said several big beer makers have applied to buy a stake in it, Reuters reported on April, 30.

Danish brewer Carlsberg has applied to increase its stake in China's Chongqing Brewery Co Ltd by buying a 12.25 percent state-owned holding. Anheuser-Busch InBev, the brewer of Budweiser, and China Resources Snow Breweries, a joint venture between China Resources Enterprises Ltd and SABMiller, have also applied to buy the stake, Chongqing Brewery said in a statement carried in the official China Securities Journal.

Carlsberg, which already has a roughly 17.5 percent stake in Chongqing Brewery, had earlier declined to comment on whether it had plans to lift its stake, after Chongqing Brewery announced early this month that its state-owned parent would sell part of its holding.

Raising its stake to roughly 30 percent would make Carlsberg the biggest shareholder in Chongqing Brewery.

Chongqing, the biggest city in western China, is a manufacturing hub and important inland port on the Yangtze River.

The world's biggest brewers have made significant headway into China, the world's biggest beer market, mainly by buying stakes in local companies.

Beer consumption is rising in China and brewers are widening product variety and boosting output to gain market share in ...More Info


Denmark: Royal Unibrew reports positive Q1, though beer sales and market share in Denmark decline

Danish brewer Royal Unibrew said on April, 27 it continued the positive trend in Q1 2010 realising higher earnings than in 2009.

The company’s operating profit (EBIT before special items) amounted to DKK10 million compared to a loss of DKK28 million for the same period of last year, an increase of DKK38 million, which is more favourable than expected.

As expected, developments in Q1 were positively affected by Easter sales, unlike last year, being realised in Q1; moreover, distributors have been accumulating inventories due to, among other things, the labour market situation in Denmark.

”Consumers continue to show restraint, and the markets are volatile and characterised by keen competition. In light of this, we are satisfied to have been able in Q1 to continue the positive trend with an increase in both results and cash flow – and an additional reduction of our debts. The improved financial performance is not least due to the significant measures taken in 2009 to optimise Royal Unibrew now really gathering momentum. In Q1 we launched several new, interesting products; we will continue to do so throughout 2010, and we will also continue optimising our business in general. With the final divestment of the Caribbean breweries in February ...More Info


Australia: Foster’s beer market share down in the first three months of this year – AC Nielsen

A slowdown in beer sales at Foster's is expected to prompt a major reinvestment program that could dampen earnings growth, The Australian communicated on April, 30.

According to market research firm AC Nielsen, Foster's share of the Australian beer market was 49.9 per cent in the first three months of 2010, down from 55 per cent in 2005 and the first time it has slipped below 50 per cent.

The decline at Foster's coincided with a general slackening in liquor market growth, with annual sales up just 1 per cent overall for the first quarter of the calendar year, compared to 6 per cent growth for the same period in 2009, when UBS analyst Lindy Newton said the fiscal stimulus, a hot summer, new products and the need to drown recession-induced sorrows had boosted sales.

About two percentage points of the market share loss could be attributed to Lion Nathan's 2008 acquisition of Tasmanian brewer Boags, which was formerly distributed by Foster's.

While Foster's VB brand was still the country's biggest seller, accounting for 15.1 per cent of sales by volume and 14.7 per cent by value, it was in decline with volumes down by 8.4 per cent in the first quarter compared to ...More Info

Scientific Digest

A Review: Biological and Technological Functions of Barley Seed Pathogenesis - Related Proteins (PRs)

Stanislava Gorjanović

J. Inst. Brew. 115(4), 334–360, 2009
ABSTRACT
The mature barley seed proteome is dominated by proteins involved in stress responses, including the Pathogenesis-Related proteins (PRs). PRs are currently classified into 17 families. The biochemistry of the PRs families, whose members are constitutively present in barley seed, is surveyed in this paper. These proteins are assumed to protect dormant and germinating seeds against pathogenic microorganisms and pests. The current knowledge on PRs structural and functional properties is summarized in an attempt to illustrate their importance in barley seed innate resistance. At the same time, a platform to understand PRs technological function in cereal foods and in beverage processing and quality is provided. Key words: Antimicrobial activity, barley seed, biological function, innate resistance, pathogenesis-related proteins (PRs), stress response, technological function. Load full article, 27 pages, 959 kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.3239 April 30, 2010
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  103.00  136.50  139.00  184.50 
2RS  Prestige  102.00  135.50  138.00  183.00 
2RS  Cellar  101.00  134.00  137.00  181.50 
2RS  Sebastien  100.00  132.50  136.00  180.50 
2RS  Tipple  100.00  132.50  136.00  180.50 
2RS  Henley  100.00  132.50  136.00  180.50 
6RW  Esterel   98.00  130.00  118.00  156.50 

Nominal French Feed Barley Prices
EURO = USD 1.3239 April 30, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 91.00 120.47
Canadian Barley Prices
USD = CAD 1.006, April 30, 2010
Canadian Malting Barley Prices, CWB Quotes/Indications, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malting Barley, Domestic 231.00 231.00
2-Row Malting Barley, Off Shore 230.00 230.00
2-Row Malting Barley, for USA 230.00 230.00
2-Row Malting Barley, for Mexico 230.00 230.00
6-Row Malting Barley, Domestic 219.00 219.00
6-Row Malting Barley, Off Shore * 215.00 215.00
6-Row Malting Barley, for USA 215.00 215.00
6-Row Malting Barley, for Mexico 215.00 215.00
Canadian Feed Barley Values, Basis Lethbridge non board Crop 2009 in C$/tCrop 2010 in C$/t
Feed Barley, Basis Lethbridge non board 148.00 nq
* rarely traded


US Barley Prices, Crop 2009
USD = EUR 0.7555, April 30, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana 133.00
6-Row Malting Barley, Basis Minneapolis, Minnesota 117.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 112.00
**Thin trading
Canadian malt and barley prices as well as US barley prices information provided by
Integrated Malt Barley Management Ltd IMBM


Malt Prices

Theoretical EU Malt Prices
  EURO = USD 1.3239 April 30, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  Apr 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  283.50  375.50  315.00  417.00  307.50  406.50  321.50  425.50 
2RS  Prestige  282.50  374.00  313.50  415.50  306.00  405.00  320.50  424.00 
2RS  Cellar  281.50  372.50  312.50  413.50  305.00  403.50  319.00  422.50 
2RS  Sebastien  280.00  370.50  311.50  412.00  303.50  402.00  318.00  420.50 
2RS  Tipple  280.00  370.50  311.50  412.00  303.50  402.00  318.00  420.50 
2RS  Henley  280.00  370.50  311.50  412.00  303.50  402.00  318.00  420.50 
2RS   Average price  281.50  372.50  312.50  413.50  305.00  403.50  319.00  422.50 
6RW  Esterel   277.50  367.50  309.00  409.00  301.00  398.50  315.50  417.50 
Asia Malt 70/30  280.50  371.00  311.50  412.50  303.50  402.00  318.00  421.00 
**  Asia Malt 50/50  279.50  370.00  310.50  411.50  303.00  401.00  317.50  420.00 


EURO = USD 1.3239 April 30, 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  324.00  429.00  355.50  470.50  347.50  460.00  361.50  479.00 
2RS  Prestige  323.00  427.50  354.00  468.50  346.50  458.50  360.50  477.50 
2RS  Cellar  321.50  425.50  352.50  467.00  345.00  457.00  359.50  475.50 
2RS  Sebastien  320.50  424.00  351.50  465.50  344.00  455.00  358.00  474.00 
2RS  Tipple  320.50  424.00  351.50  465.50  344.00  455.00  358.00  474.00 
2RS  Henley  320.50  424.00  351.50  465.50  344.00  455.00  358.00  474.00 
2RS   Average price  321.50  425.50  352.50  467.00  345.00  457.00  359.50  475.50 
6RW  Esterel   298.50  394.50  329.50  436.00  321.50  426.00  336.00  444.50 
Asia Malt 70/30  314.50  416.50  345.50  457.50  338.00  447.50  352.50  466.50 
**  Asia Malt 50/50  310.00  410.50  341.00  451.50  333.50  441.50  347.50  460.00 

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

Canadian Malt Prices
USD = CAD 1.006, April 30, 2010
Theoretical Canadian Malt Prices, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malt, Domestic 450.00 450.00
2-Row Malt, Off Shore 449.00 449.00
6-Row Malt, Domestic 430.00 430.00
6-Row Malt, Off Shore* 430.00 430.00
* rarely traded
Canadian malt and barley prices as well as US barley prices information provided by
Integrated Malt Barley Management Ltd IMBM
Prices Evolution

Prices evolution

Table of the Week

Australian Barley Supply and Disposal
in thousand tonnes
  2004-2005 2005-2006 2006-2007 2007-2008 2008-2009s 2009-2010f
Production 7,740 9,482 4,257 7,159 7,669 8,048
Domestic use 2,670 2,764 3,153 2,460 2,523 2,569
as malt and other human use 172 176 166 165 169 175
feed 2,300 2,400 2,784 2,100 2,153 2,196
seed 198 188 203 195 202 199
Exports 4,863 5,917 2,563 4,054 3,892 4,011
as malting barley 1,464 2067 659 1,083 980 1,012
malt (grain equivalent) 601 660 712 668 642 661
Feed barley 2,798 3,191 1,192 2,303 2,254 2,339
Source: ABARE February, 2010
Graph of the Week


Source: Brewers Association of Canada

These Days in Business History
April 29
1813 Rubber is patented
1913 Swedish engineer Gideon Sundback of Hoboken patents all-purpose zipper
1977 British Aerospace forms

April 30
1506 Philip of Bourgondy and England sign trade agreement
1939 NBC/RCA 1st public TV demo with Franklin D. Roosevelt at opening of New York World's Fair
1995 Sun Microsystems launches Java, the universal Internet programming language that brings “white space” and greater interactivity to millions of websites and Internet users.

May 1
1876 The Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel) is created by 465 Dutch brokers; from now on, only members of the association are allowed to trade on the exchange.
1878 The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds.
1972 Economist Milton Friedman rings the opening bell at the Chicago Mercantile Exchange to inaugurate the world’s first day of trading in foreign-currency futures.

May 2
1896 The Dow Jones Industrial Average is first published.
1913 William R. Hewlett, co-founder of Hewlett-Packard Co., is born in Ann Arbor, Mich.
1985 Quantum Computer Services is incorporated in Delaware. In 1991 it changes its name to America Online, Inc.
Agenda