If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?6878
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 20a
May 10 - May 12, 2010
Open!
Click here to get full size Newsletter


Quote of the week

"Nowadays people know the price of everything and the value of nothing."
Oscar Wilde
Currency Rates
Base Currency: Euro, EUR
on 12-May-2010

1 EUR = 1.2711 USD
1 EUR = 0.8554 GBP
1 EUR = 1.3006 CAD
1 EUR = 1.4166 AUD
1 EUR = 117.805 JPY
1 EUR = 2.2606 BRL
1 EUR = 38.4695 RUB
1 EUR = 8.6916 CNY
Base Currency: US Dollar
on 12-May-2010

1 USD = 0.7868 EUR
1 USD = 0.6729 GBP
1 USD = 1.0232 CAD
1 USD = 1.1144 AUD
1 USD = 92.6864 JPY
1 USD = 1.7784 BRL
1 USD = 30.2639 RUB
1 USD = 6.8377 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

May 12, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR99.0-103.0 EUR136.0-140.0
6rw Barley EUR96.0-100.0 EUR119.0-123.0
2rs Malt EUR280.0-284.0 EUR321.0-325.0
6rw Malt EUR276.5-280.5 EUR300.0-304.0
Feed Barley EUR91.0-95.0 1.09% 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

Russia & Ukraine & China: China might get out of malt overcapacity; no such prospects for Russia, Ukraine - experts ...Click here
Denmark: Carlsberg’s net revenue, beer volumes decline in Q1 ...Click here
Australia: Lion Nathan delivers revenue of A$687.4 mln in the quarter ended 31 December 2009 ...Click here
Turkey: Anadolu Efes posts net profit of 71.5 mln lira in Q1 2010 ...Click here
Malaysia: Guinness Anchor Bhd achieves 43% growth in net profit in Q3 ended March 31 ...Click here
India: Premium beer brands seen as means to curb slip in brewers’ margins ...Click here
EU: EU’s barley exports may reach 1 mln tons by end June ...Click here
EU: NYSE Liffe’s Malting Barley Futures and Options attract good levels of participation ...Click here


More News


EU: Early May malting barley prices still actual ...More Info
United States: MillerCoors may expand its Ohio brewery ...More Info
South Africa: SABMiller announces investments in FIFA Soccer World Cup ...More Info
Black Sea region: Russia, Ukraine, Kazakhstan are largest feed barley exporters this campaign ...More Info
Rwanda: New brewery already claims 15% of the market ...More Info
China: Jiangsu Yanghe Brewery to invest in capacity expansion ...More Info
France: France reportedly seeking means to transfer some intervention barley stocks to neighbours ...More Info
Germany: Carlsberg names new CEO for German business ...More Info
Go to our news database with more than 16933 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Denmark: Carlsberg’s net revenue, beer volumes decline in Q1

In the traditionally small first quarter, Danish brewer Carlsberg reported an operating profit of DKK735 mln (DKK 788 mln in 2009). Group operating profit margin was unchanged at 6.7% (6.7% in 2009).

The strong margin improvement in Northern & Western Europe and Asia was off-set by the expected margin weakness in Eastern Europe following the significant Russian excise tax increase and the subsequent stock-building in Russia in late 2009, the company said.

Net revenue declined by 7% to DKK11.0 bln (DKK11.8 bln in Q1 2009) with a -7% organic net revenue development. Price/mix was +1% despite the negative effect from phasing of price increases in Russia following the excise tax increase.

Net profit was DKK471 mln. Net profit includes a non-cash, non-taxable income in special items of DKK390 mln related to a new acquisitions accounting regulation. Excluding this item, net profit was DKK81 mln versus DKK -212 mln in Q1 2009 or DKK +293 mln.

Carlsberg’s free cash flow was DKK -549 mln (DKK -1,079 mln in Q1 2009) and net interest bearing debt was DKK 37.1 bln (DKK 45.8 bln end Q1 2009).

The company’s Q1 beer volumes, including acquisitions, declined by 7% to 21.0 mln hl with an organic beer volume decline of ...More Info


Australia: Lion Nathan delivers revenue of A$687.4 mln in the quarter ended 31 December 2009

Australian brewer Lion Nathan announced on May, 7 its trading update for the quarter ended 31 December 2009.

The company’s Australia and New Zealand business delivered revenue of A$687.4 mln, an increase of 6.6% on the prior corresponding period.

Premiumization across the market combined with successful innovation to drive strong revenue growth of 8.0%. Volume grew 2.9% reflecting the resilience of the Australian beer market in all economic circumstances.

The New Zealand market continued to be challenging as a consequence of difficult economic conditions. In the year to December 2009, the total NZ beer market declined by 5% in volume terms, according to Statistics New Zealand data. Lion Nathan New Zealand continued to outperform the market with total volume broadly stable (up 0.4%) and revenue growth of 2.3% in the December quarter.

Lion Nathan is owned by Kirin Holdings, one of Japan’s leading beer makers.


Turkey: Anadolu Efes posts net profit of 71.5 mln lira in Q1 2010

Turkish brewer Anadolu Efes posted a net profit of 71.5 million lira ($46.7 million) in the first quarter, exceeding poll forecasts and rebounding from last year's loss amid an economic recovery.

The company suffered a loss of 25.2 million lira a year earlier but was seen boosted by stronger emerging currencies and lower barley prices.

The brewer said in a filing with the stock exchange that sales dipped 1.3 percent to 753.7 million lira in the first quarter from 763.8 million the previous year.

Sales, which exceeded a poll forecast of 735 million lira, had been expected to fall as consumption in its main markets Turkey and Russia were hit by new beer taxes and the effect of a Turkish smoking ban imposed last summer.

Anadolu Efes controls Efes Breweries International, which has operations in Russia, Kazakhstan, Georgia, Moldova and Serbia - areas whose once rapid market growth was hit hard by the global economic slowdown.


Malaysia: Guinness Anchor Bhd achieves 43% growth in net profit in Q3 ended March 31

Malaysian brewer Guinness Anchor Bhd's (GAB) said its net profit for the third quarter ended March 31 improved 43% to RM46.46 mln from RM32.60 mln partly due to the later timing of the Chinese New Year celebration, a traditional driver of sales for the malt liquor market.

Revenue for the period rose 18% to RM370.82 mln from RM314.83 mln previously while basic earnings per share increased to 15.38 sen from 10.79 sen.

Managing director Charles Ireland said GAB's third-quarter performance had further extended its position as Malaysia's malt liquor market leader.

He added that as at end of financial year 2009 (ended June 30), GAB recorded eight successive years of volume, revenue and profit growth.

“We are pleased with our overall performance,” he said.

In a note to Bursa Malaysia, the company said it believed the malt liquor market was firming up and would continue to show upside momentum.

“Overall, competition is expected to remain intense,” it said, adding that smuggling remained a major concern and continued to have a negative impact on both the industry and Government revenue.

An analyst with a local bank-backed brokerage said GAB's Q310 earnings were within expectations due to the timing of the CNY. He also said he was upbeat about ...More Info


India: Premium beer brands seen as means to curb slip in brewers’ margins

India’s brewers are expanding their offerings in the premium segment to improve shrinking margins that have been hit due to stiff competition, increased input costs and government’s reluctance to bring prices in line with it, DNA communicated on May, 12.

Continuous margin erosion due to adverse market condition has already seen market leaders — United Breweries Ltd (UBL) and SABMiller India Ltd — extend their footprint in this segment with the launch of high-end products in the last few months.

The two companies, which together have over 80% of the Indian beer market with 53% and 34% shares, respectively, are planning to launch more premium brands this year in a bid to curb any further slip in the margins.

The Vijay Mallya-owned beer company, UBL, has seen its Ebidta margin drop to 11.4% in the fourth quarter-ended March 31 from 18.6% during the same period last year.

Kalyan Ganguly, managing director of UBL, said there were several reasons that have led to the fall in the beer company’s margins despite a revenue growth of 24%.

He said his company was working on premiumisation of its products that would help in safeguarding its margins.

“We have successfully introduced Kingfisher Ultra in the ...More Info


Malt News

Russia & Ukraine & China: China might get out of malt overcapacity; no such prospects for Russia, Ukraine - experts

In Russia and the Ukraine malt stocks remain huge, and there is little hope of reducing stocks soon and return to a normal malt market, experts report.

China’s supplies of malting barley become very small and have to be replaced by larger imports. Maltsters in the west of the country cannot afford for the cost of logistics of imported barley, they will slow down or stop production for prolonged periods, it is forecast.

As a result, industry analysts state, smaller factories will disappear, and the Chinese overcapacity might decrease.


Barley News

EU: EU’s barley exports may reach 1 mln tons by end June

The EU may reach the one million ton mark of export licence bookings by end June, but mostly because of a record large program of malting barley exports, industry analysts communicated in a recent research note.

Feed barley continued to sell to intervention, and the EU will finish this season with intervention stocks well above five million tons. The end of May is the end of EU barley intervention. One must make another reserve: President Sarkozy, followed by some other governments, will make a strong effort to re-establish a larger degree of protection for the EU (French) farmers, analysts believe.

By present rules EU barley must be sold in open markets in the new grain year, in the sector of exports it must compete with Black Sea barley.

New crop barley is quoted US$ 135,- FOB. Feed barley markets are called bearish, provided good crops in East and West Europe. It would require domestic EU prices of EUR 80,- to 90,- FOB interior to be competitive against the Black Sea.

Several consequences are possible, experts said. In 2011 the barley acreage of the EU would shrink again. Malting barley premiums (at today’s level) would look very good and could come under ...More Info


EU: NYSE Liffe’s Malting Barley Futures and Options attract good levels of participation

NYSE Liffe’s its Malting Barley Futures and Options have attracted good levels of participation from the market since launching on 10 May, trading a total of over 84 lots in futures and ten lots in options, Hedgeweek reported on May, 12.

Trading occurred in five delivery months, from the first position of November 2010 out as far as the November 2011 futures contract, as well as in the May 2011 options expiry month. “We are very pleased with the markets response to the first day of trading,” says Ian Dudden, director of commodity derivatives at NYSE Liffe. “The level of activity and range of participants demonstrates the relevance of the contract and underlines the benefits of the work we’ve undertaken with our customers to ensure the contract is designed to meet their needs.” The contracts meet the specific hedging requirements of maltsters, brewers and distillers as well as those engaged in the production and trade of malting barley.

The European Union bloc of 27 member states produced an estimated 14.3 million tons for the 2009-10 crop year ending June 30, 2010, and is forecast to produce 11 million tons in the upcoming crop year ending June 20, 2011, according to ...More Info

Scientific Digest

Effects of Lysozyme on the Microbiological Stability and Organoleptic Properties of Unpasteurized Beer

T. Silvetti, M. Brasca, R. Lodi, L. Vanoni, F. Chiolerio, M. de Groot and A. Bravi

J. Inst. Brew. 116(1), 33–40, 2010
ABSTRACT
Lysozyme is an antimicrobial enzyme that could be applied to counteract those bacterial species which, due to their own metabolic activity, possess notable beer spoilage ability and lead to loss of beer quality. Experiments were carried out to assess lysozyme potential to prevent the growth of beer spoilage bacteria, and to verify the effect of lysozyme on the microbiological stability and sensory characteristics of unpasteurized beer. Eight replicates, all from the same lot of Italian beer, were treated with 0 and 100 ppm lysozyme. Microbiological analyses were conducted bimonthly to investigate the presence of spoilage bacteria. Sensory analyses were performed to determine whether there were any significant differences in sensory impressions between beers produced with and without lysozyme. Lysozyme exerted a strong inhibitory action on the lactic acid bacteria (LAB) present in the beer and was very stable throughout the shelf life. Sensory tests revealed no unfavourable influence on beer flavour when using lysozyme. Indeed, the shelf life of beer with added lysozyme proved to be extended. Even as late as 1 month after the expiry date it still met with the panellists’ approval. Lysozyme may be regarded as an effective agent for preventing microbiological contamination and prolonging the stability of unpasteurized beer. Key words: lactic acid bacteria (LAB), lysozyme, shelf life, unpasteurized beer. Load full article, 8 pages, 258 kb , PDF file

Barley Prices
French Malting Barley Prices
EURO = USD 1.2711 May 12, 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  131.00  140.00  178.00 
2RS  Prestige  102.00  130.00  139.00  177.00 
2RS  Cellar  101.00  128.50  138.00  175.50 
2RS  Sebastien  100.00  127.50  137.00  174.50 
2RS  Tipple  100.00  127.50  137.00  174.50 
2RS  Henley  100.00  127.50  137.00  174.50 
6RW  Esterel   98.00  124.50  121.00  154.00 

Nominal French Feed Barley Prices
EURO = USD 1.2711 May 12, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 92.00 117.16
Canadian Barley Prices
USD = CAD 1.0232, May 12, 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 234.00 234.00
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 222.00 222.00
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 150.00 nq
* rarely traded


US Barley Prices, Crop 2009
USD = EUR 0.7868, May 12, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana 138.00
6-Row Malting Barley, Basis Minneapolis, Minnesota 161.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 105.00
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 1.2711 May 12, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  May 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  284.50  361.50  315.50  401.00  308.00  391.50  322.00  409.50 
2RS  Prestige  283.00  360.00  314.50  399.50  306.50  389.50  321.00  408.00 
2RS  Cellar  282.00  358.50  313.00  398.00  305.50  388.00  319.50  406.50 
2RS  Sebastien  280.50  356.50  312.00  396.50  304.00  386.50  318.50  404.50 
2RS  Tipple  280.50  356.50  312.00  396.50  304.00  386.50  318.50  404.50 
2RS  Henley  280.50  356.50  312.00  396.50  304.00  386.50  318.50  404.50 
2RS   Average price  282.00  358.50  313.00  398.00  305.50  388.00  319.50  406.50 
6RW  Esterel   278.50  353.50  309.50  393.50  301.50  383.50  316.00  401.50 
Asia Malt 70/30  281.00  357.00  312.00  396.50  304.50  386.50  318.50  405.00 
**  Asia Malt 50/50  280.00  356.00  311.50  395.50  303.50  386.00  318.00  404.00 


EURO = USD 1.2711 May 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  325.50  413.50  356.50  453.00  348.50  443.50  363.00  461.50 
2RS  Prestige  324.00  412.00  355.50  451.50  347.50  441.50  361.50  460.00 
2RS  Cellar  323.00  410.50  354.00  450.00  346.50  440.00  360.50  458.50 
2RS  Sebastien  321.50  408.50  352.50  448.50  345.00  438.50  359.50  456.50 
2RS  Tipple  321.50  408.50  352.50  448.50  345.00  438.50  359.50  456.50 
2RS  Henley  321.50  408.50  352.50  448.50  345.00  438.50  359.50  456.50 
2RS   Average price  323.00  410.50  354.00  450.00  346.50  440.00  360.50  458.50 
6RW  Esterel   302.00  383.50  333.00  423.50  325.50  413.50  339.50  431.50 
Asia Malt 70/30  316.50  402.50  347.50  442.00  340.00  432.00  354.50  450.50 
**  Asia Malt 50/50  312.50  397.00  343.50  436.50  336.00  427.00  350.00  445.00 

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 1.0232, May 12, 2010
Theoretical Canadian Malt Prices, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malt, Domestic 451.00 451.00
2-Row Malt, Off Shore 449.00 449.00
6-Row Malt, Domestic 431.00 431.00
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
Table of the Week

EU - 27 Barley Crop Forecast - 2010

  Total 2010 thereof Spring Barley
  Area ('000 ha) Yield (100 kg/ha) Production ('000 tons) Area ('000 ha) Yield (100 kg/ha) Production ('000 tons)
Austria 185.0 48.1 890.0 95.0 42.0 399.0
Belgium/Lux. 60.0 85.0 510.0 7.0 73.0 51.0
Bulgaria 243.0 34.8 846.0 25.0 20.0 50.0
Cyprus 53.0 15.0 80.0 - - -
Czech Rep. 410.0 44.3 1816.0 300.0 43.0 1290.0
Denmark 540.0 50.0 2700.0 390.0 48.0 1872.0
Estonia 138.0 22.6 312.0 135.0 22.5 304.0
Finland 490.0 35.0 1715.0 490.0 35.0 1715.0
France 1685.0 64.3 10835.0 450.0 62.5 2813.0
Germany 1710.0 61.2 10465.0 385.0 48.0 1848.0
Greece 180.0 19.0 342.0 - - -
Hungary 295.0 35.5 1047.0 115.0 30.0 345.0
Ireland 165.0 66.5 1097.0 150.0 65.0 975.0
Italy 280.0 35.0 980.0 - - -
Latvia 103.0 22.2 229.0 95.0 21.0 200.0
Lithuania 250.0 29.5 738.0 235.0 29.0 682.0
Malta 1.0 27.0 3.0 - - -
Netherlands 40.0 62.0 248.0 35.0 62.7 219.0
Poland 1100.0 31.8 3498.0 875.0 31.5 2756.0
Portugal 31.0 20.0 62.0 - - -
Romania 450.0 25.3 1139.0 150.0 21.0 315.0
Slovakia 180.0 36.4 655.0 160.0 36.0 576.0
Slovenia 20.0 39.5 79.0 2.0 35.0 7.0
Spain 2850.0 34.4 9800.0 2400.0 35.4 8500.0
Sweden 330.0 42.6 1407.0 310.0 42.0 1302.0
UK 860.0 59.5 5117.0 510.0 55.7 2839.0
TOTAL EU - 27 12644.0 44.7 56580.0 7319.0 39.7 29085.0
Source: Coceral
Coceral statistics of EU-27 Barley Crop 2009 is available on www.e-malt.com
Graph of the Week


Source: Czech Hop Growers Association

These Days in Business History
May 10
1837 As New York banks suspend payment of loans in specie (gold coins), the Panic of 1837 begins - setting off the deepest economic depression the United States will suffer until 1929.
1950 The Digital Age takes a huge leap forward. At the National Physical Laboratory in the British village of Teddington, Alan Turing’s Pilot Model Advanced Computing Engine (ACE), one of the world’s earliest general-purpose electronic computers, runs its first program.

May 11
1861 In a move of symbolic support for the Union, the New York Stock Exchange bans all trading in Confederate stocks and bonds. (However, members are still free to short-sell any Union securities they choose.)
1907 Bank of San Francisco incorporated
1928 General Electric opens 1st TV-station (Schenectady, New York)

May 12
1916 Einstein's Theory of General Relativity presented
1949 1st Polaroid camera sold $89.95 in New York City
1975 Israel signs an agreement with European Economic Market
Agenda