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Click here to get full size Newsletter
"There is no such thing as a bad beer. It's that some taste better than others"
Billy Carter
Base Currency: Euro, EUR on 19-May-2010
1 EUR = 1.2354 USD 1 EUR = 0.8562 GBP 1 EUR = 1.2748 CAD 1 EUR = 1.4155 AUD 1 EUR = 114.392 JPY 1 EUR = 2.2297 BRL 1 EUR = 37.5427 RUB 1 EUR = 8.4462 CNY
| Base Currency: US Dollar on 19-May-2010
1 USD = 0.8096 EUR 1 USD = 0.693 GBP 1 USD = 1.0319 CAD 1 USD = 1.1457 AUD 1 USD = 92.602 JPY 1 USD = 1.8049 BRL 1 USD = 30.39 RUB 1 USD = 6.8371 CNY
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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.
World: No significant changes on malt markets as yet
...Click here
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The Philippines: San Miguel Brewery reports successful Q1 2010
...Click here
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Japan: Beer shipments decline 3.2% due to cold weather and frugal consumer trend
...Click here
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Bulgaria: Carlsberg now Bulgaria’s No. 2 brewer with 30% share of beer market
...Click here
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United Kingdom: VAT increase to 20% will damage seriously beer trade - BBPA
...Click here
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World: IGC’s forecast of decline in barley acreage, production seen as ‘excessively optimistic’
...Click here
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EU: Malting barley surplus thinning out slowly but surely
...Click here
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China: China forecast to import large quantities of malting barley again in 2010/11
...Click here
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Japan: Asahi’s beer sales down 6% in January – April this year
...More Info
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Denmark: Carlsberg beer supplies running dry as employees demand salary increases
...More Info
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Germany: Barley seeded area declines in 2010 - Destatis
...More Info
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Zimbabwe: SABMiller’s subsidiary to spend $112 mln to ramp up output
...More Info
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United Kingdom: Molson Coors launches three its brands in new format for the FIFA World Cup 2010
...More Info
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The Philippines: San Miguel Brewery reports successful Q1 2010
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Philippines’ San Miguel Corporation (SMC) said on May, 17 its domestic beer operations, San Miguel Brewery, delivered sales volumes of 43.8 million cases in the first quarter of this year, 2% higher than in the previous year.
With higher selling prices, the division’s sales revenue reached P13.4 billion, up 7% from 2009 levels.
With stable raw material prices, SMB’s operating income grew 20% to P4.65 billion. Net income ended at P2.75 billion, a 3% improvement from the previous year.
In SMB’s overseas markets, volumes were strongest in Hong Kong, Indonesia, Thailand, and its Exports business resulting in sales revenues of US$ 59.7 million, 5% higher than the previous year. The company’s mainland China operations continue to face stiff competition.
SMC president Ramon Ang said the group will keep its 51 percent stake in flagship San Miguel Brewery and sell anything in excess to Japanese partner Kirin Holdings Co. Ltd, which currently owns 48.39 percent of SMB.
SMB is expected to post a double-digit growth in net income this year as it benefits from improved bottling efficiency, acquisition of additional hard liquor business and a potential boom in demand from Visayas and Mindanao, Ang said.
The beer giant currently corners 96 percent of Philippines'
...More Info
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Russia: Jan-Apr beer production down 14.8%
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Russia’s January – April beer output declined versus the same period last year by 14.8% to 25.6 mln hl, Rosstat reported on May, 18.
In April, the nation’s beer production dropped by 3.7% yoy.
In 2009, Russia’s beer production fell by 4.8%.
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Japan: Beer shipments decline 3.2% due to cold weather and frugal consumer trend
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Japan’s shipments of beer and beer-like beverages fell 3.2% on the year to 39.26 million cases in April, down for the fourth straight month, Nikkei reported on May, 17.
Shipments were dented by unseasonably cold weather last month, and by a frugal consumer trend amid the lingering economic downturn.
Shipments of beer and low-malt beer sank, down 4.4% and 17%, respectively. Those of the least-expensive, no-malt beer, dubbed "third beer," climbed 8.9%.
Japan's top four players, - Kirin Holdings Co. unit Kirin Brewery Co., Asahi Breweries Ltd., Suntory Liquors Ltd., and Sapporo Holdings Ltd. unit Sapporo Breweries Ltd. - all saw their shipments decline year on year last month.
Sales pitches will intensify among these companies toward summer, while consumer preferences are polarizing over cheap offerings and premium beer.
One case of beer contains the equivalent of 20 633ml bottles.
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Bulgaria: Carlsberg now Bulgaria’s No. 2 brewer with 30% share of beer market
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Carlsberg Bulgaria currently ranks second on the Bulgarian beer market, after Zagorka AD, and ahead of Kamenitza AD, CEO Aleksander Grancharov was quoted as saying by Novinite on May, 17.
Carlsberg Bulgaria with two breweries, in the cities of Shumen and Blagevgrad, now has 30% of beer market in the country. The 3 companies together have a 91% share of the market.
In the first quarter of 2010, the leading brand of Carlsberg Bulgaria – Shumensko had reached a 19% market share while the other brands, particularly Tuborg and Pirinsko, have also increased their sales.
Carlsberg Bulgaria is one of the top investors in the Shumen Region and in Bulgaria. In 2009 the company invested BGN22 mln in the Shumen and the Blagoevgrad breweries and plans to invest another BGN15 mln in 2010 of which BGN5 mln will be in Shumen, rounding up the total investments there since 2004 to BGN75 mln.
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United Kingdom: VAT increase to 20% will damage seriously beer trade - BBPA
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The British Beer and Pub Association (BBPA) has warned that an increase in VAT to 20pc would cost UK beer drinkers £300 mln a year, The Telegraph reported on May, 16.
The association, whose members account for 98pc of beer brewed in the UK and own more than half of Britain's 54,000 pubs, believes that the increased cost of a pint could have a damaging impact on trade. It is so concerned about the effects that a VAT rise would have that it is planning to ask the Government for a compensatory reduction in beer duty.
George Osborne, the Chancellor, is widely expected to increase VAT from 17.5pc to 20pc as part of the Government's plan to cut the UK's deficit.
A BBPA spokesman said a reduction in beer duty would help the struggling pubs sector. Last month the BBPA said pubs were closing at a rate of 40 a week across the UK. The pub sector was a hot topic in the election, with 320 Parliamentary candidates signing a pledge to "Back the Pub", calling on government, industry, local authorities and others to work together to support pubs as part of efforts to enhance community life and promote economic recovery. Some 87pc
...More Info
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World: No significant changes on malt markets as yet
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According to a recent industry analysis, here is no indication of better malt markets yet. The change of beer recipes has left a strong mark on the malt demand, and the return to better beer sales is just at the beginning.
Malt prices do not or hardly reflect the higher cost of malting barley, industry observers communicate.
Carlsberg and InBev acquired large quantities of malt for their European and overseas breweries, and they managed to purchase at very attractive prices.
The malt market is split between aggressive and price-conscious sellers; during the month of April it ranged from Euro 250,- and 325,- in domestic and (FOB in bulk in container) export markets.
The cheapest quotations seem to have disappeared, it is reported.
Not only maltsters, but also the large brewers approach the malt market in different ways, SABMiller and Heineken stick to their policies of secure supplies. Many brewers have adopted the system of covering their malt demand successively during the year in order to spread the price risk.
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World: IGC’s forecast of decline in barley acreage, production seen as ‘excessively optimistic’
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The estimate of the world barley acreage in the latest IGC report is 2% down from last year’s, at 54.7 mln ha, whereas the production is expected to total 141.9 mln tonnes, 6 mln tonnes lower than last year.
However, many industry observers find the IGC’s estimates excessively optimistic.
A private (Toepfer) estimate puts the EU barley crop alone 6.6 mln tonnes lower than in 2009, and all other regions in the Northern Hemisphere expect smaller crops as well.
World trade in 2009/10 will be around 16.5 mln tonnes of barley, 3 mln tonnes less than a year before.
Good crops in North Africa and the Middle East have cut demand of feed barley. Turkey sold 800,000 tons for export, and even Algeria opened an export tender to reduce its surplus stocks.
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EU: Malting barley surplus thinning out slowly but surely
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After last year’s harvest the EU malting barley S/D balance looked so heavy that price levels deteriorated below the intervention price and only a few euros above feed barley levels, industry analysts communicated in a note earlier this month.
The surplus of 3-4 million tons could not be marketed anywhere. Maltsters covered good carry-over quantities, which seemed to last till Dec/Jan 2010/11 and cut new crop demand by several months. By now the picture has changed.
Farmers and first hand sold large quantities of winter and spring malting barley to the feed sector and intervention.
Export business developed slowly, but strongly. It is estimated that by the end of the crop year 1 million tons of EU malting barley will have been sold to China, Latin America and the Mediterranean countries.
It looks like a permanent further demand from China and Mercosur after the crop failure in Argentina and a poor quality crop in Australia.
There was a very important weakness in the EU malting barley surplus: low protein. Shippers fail to find sufficient barley for export with a minimum protein of 9.5%, unsold stocks show proteins down to 8.5%, in France, the U.K. and Denmark.
Farmers are aware of this
...More Info
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China: China forecast to import large quantities of malting barley again in 2010/11
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A professional association estimates China’s barley production of 2009 at 2.13 mln tonnes, of which 980,000 tonnes of winter and 1.150 mln tonnes of spring barley, an analysts’ note communicated late in April.
Only 1.35 mln tonnes qualify for malting so that China needs to import 2.0 mln tonnes of crop 2009/10, experts believe. Estimated purchases to-date are 500,000 tonnes of Australian malting, 400,000 tonnes of Australian barley, 500,000 tonnes from Canada and 600,000 tonnes from France.
The new crop acreage is estimated to reach only 5 mln mu (333,000 ha) vs. 9.3 mln mu last year.
The acreage of winter barley, mainly grown in the province of Jiangsu, is down by 20%, locals hope for a crop of 600 vs. 680,000 tonnes last year.
In the spring barley regions of Xinjiang, Gansu, Inner Mongolia barley crops may be lower by 30 to 50%. Therefore China will have to import large quantities again in 2010/11.
Cofco concluded a three years agreement with the Canadian Wheat Board for the purchase of 500,000 tons of malting barley.
Apart from some brewers and export maltsters, China is a price buyer. Firm barley prices usually shift part of the demand to other grains and adjuncts. China
...More Info
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A New Validation of Relevant Substances for the
Evaluation of Beer Aging Depending on the Employed Boiling System
Markus Herrmann, Björn Klotzbücher, Michael Wurzbacher,
Stefan Hanke, Udo Kattein, Werner Back, Thomas Becker
and Martin Krottenthaler
J. Inst. Brew. 116(1), 41–48, 2010
ABSTRACT
During the last years changes in aging indicators have been observed,
supposedly resulting from modern brewing technology.
The Research Brewery Weihenstephan (Forschungsbrauerei
Weihenstephan) offers excellent opportunities for comparing
different modern wort boiling systems under semi-industrial
conditions. Employing three different boiling systems, nine
brews were produced. The resulting worts were compared
regarding the most common wort parameters. Furthermore the
influence of the different boiling systems on aging indicators in
the resulting beers was analyzed using a newly developed mass
spectrometry-based method. The decrease in the total amount of
aging indicators in industrial beers over the last years is very
likely the result of lower thermal intake in modern brewhouse
equipment. The total amount of aging indicators is sufficient to
describe the differences in modern boiling systems. In summary,
2-furfural dominates all other indicators in terms of thermal
influence. 2-Furfuryl ethyl ether can be suggested as good indicator
of aging as postulated by Eichhorn, whereas â-damascenone
is questionable as an aging indicator. Supplementary experiments
were carried out to investigate the role of the aging
indicators as stale flavour components. Because of synergistic
effects, many stale flavour compounds act as aroma compounds
and not only as indicators.
Key words: Aging indicators, beer flavour, boiling systems,
brewhouse, synergistic effects, wort.
Load full article, 8 pages, 482 kb , PDF file
|
French Malting Barley Prices
EURO = USD 1.2354 May 19, 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 |
127.50 |
139.00 |
172.00 |
2RS |
Prestige |
102.00 |
126.50 |
138.00 |
170.50 |
2RS |
Cellar |
101.00 |
125.00 |
137.00 |
169.50 |
2RS |
Sebastien |
100.00 |
123.50 |
136.00 |
168.50 |
2RS |
Tipple |
100.00 |
123.50 |
136.00 |
168.50 |
2RS |
Henley |
100.00 |
123.50 |
136.00 |
168.50 |
6RW |
Esterel |
98.00 |
121.50 |
120.00 |
148.50 |
Nominal French Feed Barley Prices
EURO = USD 1.2354 May 19, 2010 |
Crop year |
2009 |
Parity |
FOB Creil |
Position |
July 2009 |
Type |
EURO |
USD |
Feed Barley |
92.00 |
113.66 |
Canadian Barley Prices |
USD = CAD 1.0319, May 19, 2010 |
Canadian Malting Barley Prices, CWB Quotes/Indications, Basis Export Position |
Crop 2009 in C$/t | Crop 2010 in C$/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$/t | Crop 2010 in C$/t |
Feed Barley, Basis Lethbridge non board | 150.00 | nq |
* rarely traded |
US Barley Prices, Crop 2009 |
USD = EUR 0.8096, May 19, 2010 |
Malting Barley Prices | in US$/t |
2-Row Malting Barley, Basis Great Falls, Montana | 143.00 |
6-Row Malting Barley, Basis Minneapolis, Minnesota | 161.00 |
Feed Barley Prices | in US$/t |
Feed Barley Basis Great Falls, Montana | 113.00 |
Canadian malt and barley prices as well as US barley prices information provided by
Integrated Malt Barley Management Ltd
Theoretical EU Malt Prices
EURO = USD 1.2354 May 19, 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 |
351.50 |
315.50 |
390.00 |
308.00 |
380.50 |
322.00 |
398.00 |
2RS |
Prestige |
283.00 |
349.50 |
314.50 |
388.50 |
306.50 |
378.50 |
321.00 |
396.50 |
2RS |
Cellar |
282.00 |
348.50 |
313.00 |
386.50 |
305.50 |
377.50 |
319.50 |
395.00 |
2RS |
Sebastien |
280.50 |
346.50 |
312.00 |
385.50 |
304.00 |
375.50 |
318.50 |
393.50 |
2RS |
Tipple |
280.50 |
346.50 |
312.00 |
385.50 |
304.00 |
375.50 |
318.50 |
393.50 |
2RS |
Henley |
280.50 |
346.50 |
312.00 |
385.50 |
304.00 |
375.50 |
318.50 |
393.50 |
2RS |
Average price |
282.00 |
348.50 |
313.00 |
386.50 |
305.50 |
377.50 |
319.50 |
395.00 |
6RW |
Esterel |
278.50 |
343.50 |
309.50 |
382.50 |
301.50 |
372.50 |
316.00 |
390.50 |
* |
Asia Malt 70/30 |
281.00 |
347.00 |
312.00 |
385.50 |
304.50 |
376.00 |
318.50 |
393.50 |
** |
Asia Malt 50/50 |
280.00 |
346.00 |
311.50 |
384.50 |
303.50 |
375.00 |
318.00 |
392.50 |
EURO = USD 1.2354 May 19, 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 |
400.50 |
355.50 |
439.00 |
347.50 |
429.50 |
361.50 |
447.00 |
2RS |
Prestige |
323.00 |
398.50 |
354.00 |
437.50 |
346.50 |
428.00 |
360.50 |
445.50 |
2RS |
Cellar |
321.50 |
397.50 |
352.50 |
435.50 |
345.00 |
426.50 |
359.50 |
444.00 |
2RS |
Sebastien |
320.50 |
395.50 |
351.50 |
434.50 |
344.00 |
424.50 |
358.00 |
442.50 |
2RS |
Tipple |
320.50 |
395.50 |
351.50 |
434.50 |
344.00 |
424.50 |
358.00 |
442.50 |
2RS |
Henley |
320.50 |
395.50 |
351.50 |
434.50 |
344.00 |
424.50 |
358.00 |
442.50 |
2RS |
Average price |
321.50 |
397.50 |
352.50 |
435.50 |
345.00 |
426.50 |
359.50 |
444.00 |
6RW |
Esterel |
300.50 |
371.50 |
332.00 |
410.00 |
324.00 |
400.50 |
338.50 |
418.00 |
* |
Asia Malt 70/30 |
315.50 |
389.50 |
346.50 |
428.00 |
339.00 |
418.50 |
353.00 |
436.00 |
** |
Asia Malt 50/50 |
311.00 |
384.50 |
342.50 |
423.00 |
334.50 |
413.50 |
349.00 |
431.00 |
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 1.0319, May 19, 2010 |
Theoretical Canadian Malt Prices, Basis Export Position |
Crop 2009 in C$/t | Crop 2010 in C$/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
EU Malt Exports
|
Licence Fixations |
Export Shipments (Adjusted) |
Export Shipments (To be adjusted) |
(in tonnes) |
2007 - 2008 |
2008 - 2009 |
July 01, 2009 - Feb 28, 2010 |
France |
357,498 |
323,305 |
225,642 |
Germany |
352,420 |
241,245 |
137,452 |
Belgium |
578,586 |
688,350 |
497,579 |
Bulgaria |
2,860 |
804 |
333 |
U.K. |
106,867 |
127,324 |
94,590 |
Finland |
60,217 |
46,540 |
23,138 |
Denmark |
99,380 |
54,942 |
32,380 |
Sweden |
96,700 |
84,880 |
28,981 |
Netherlands |
90,756 |
99,057 |
72,303 |
Ireland |
- |
- |
- |
Italy |
3,148 |
2,773 |
1,267 |
Austria |
9,085 |
6,511 |
3,690 |
Spain |
- |
19,058 |
6,004 |
Romania |
500 |
- |
- |
Portugal |
476 |
1,028 |
867 |
Czech Republic |
25,203 |
21,635 |
21,452 |
Poland |
2,025 |
2,066 |
2 |
Hungary |
2,638 |
13,099 |
13,055 |
Slovakia |
16,645 |
16,796 |
9,542 |
Lithuania |
1,855 |
1,038 |
2,254 |
Latvia |
- |
347 |
110 |
Total EU |
1,806,858 |
1,750,797 |
1,170,640 |
Total Roasted malt, tonnes |
July 01, 2009 - February 28, 2010 |
28,185 |
Total 2008 - 2009 |
39,945 |
Total 2007 - 2008 |
28,177 |
Source: Eurostat
Source: USDA, May 2010
May 17
1892 George Sampson patents clothes dryer
1921 Belgian-Luxembourg sign customs union
1968 European Space Research Org launches 1st satellite
May 18
1801 Well over a century after stock trading began in Britain, the cornerstone of the stock exchange building is finally laid in the City of London.
1822 Frederic Passy is born, French economist/pacifist, Nobel 1901
1954 European Convention on Human Rights goes into effect
May 19
1892 Charles Brady King invents pneumatic hammer
1913 William Reddington Hewlett is born, American Businessman
1939 1st regular transatlantic airmail (New York to Marsseille France)
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