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E-Malt.com Newsletter 24a
June 07 - June 09, 2010
Open!
Click here to get full size Newsletter


Quote of the week

“The mouth of a perfectly happy man is filled with beer.”
Egyptian proverb
Currency Rates
Base Currency: Euro, EUR
on 09-June-2010

1 EUR = 1.1948 USD
1 EUR = 0.828 GBP
1 EUR = 1.2594 CAD
1 EUR = 1.4578 AUD
1 EUR = 109.269 JPY
1 EUR = 2.2384 BRL
1 EUR = 38.0003 RUB
1 EUR = 8.1726 CNY
Base Currency: US Dollar
on 09-June-2010

1 USD = 0.8371 EUR
1 USD = 0.693 GBP
1 USD = 1.0541 CAD
1 USD = 1.2201 AUD
1 USD = 91.4628 JPY
1 USD = 1.8735 BRL
1 USD = 31.8051 RUB
1 USD = 6.8402 CNY
Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change Trend

June 09, 2010

Type Crop 2009 Crop 2010
2rs Barley EUR105.0-109.0 0.94% EUR137.0-141.0
6rw Barley EUR100.0-104.0 0.99% EUR120.0-124.0
2rs Malt EUR288.0-292.0 0.52% EUR322.0-326.0
6rw Malt EUR281.5-285.5 0.35% EUR301.0-305.0
Feed Barley EUR92.0-96.0 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

World: Beer sales decline in most nations, small brewers gain market share ...Click here
Brazil: AmBev to build new USD140 mln plant in north-eastern Brazil ...Click here
Malaysia: Carlsberg Malaysia’s MD cautiously optimistic about the beer market’s future ...Click here
Australia: Foster’s continues to lose market share in April ...Click here
EU: Difference between 2009 and 2010 barley crop prices still remarkable ...Click here
United States: Barley prices stuck in narrow trading range ...Click here
Canada: Barley seeding in major delay, markets remain quiet ...Click here
EU: Experts find encouraging the new malting barley futures market’s first stage of activity ...Click here
Germany: Hail storms damage Hallertau’s hop gardens ...Click here


More News


Canada: Microbrewers strengthening positions in Quebec ...More Info
Jamaica: Brewer Red Stripe may lay off workers as declining beer sales hit profits ...More Info
Turkey: Barley crop forecast to rise in 2010 ...More Info
United Kingdom: Cobra Beer to attack pubs ...More Info
India: Delhi beer consumption expected to touch new record this summer ...More Info
Go to our news database with more than 17053 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

World: Beer sales decline in most nations, small brewers gain market share

In most parts of Europe spring was cold and rainy and poor weather in combination with the economic problems caused a continuation of low beer sales, analysts report.

Germany’s April beer sales declined by 11%, January-April - by 2.8%. The U.K. beer sales dropped by 5.1% in the first three months of this year, Ukraine reports a 4% decline in Jan/March beer sales. Russians purchased 3.7% less beer in April 2010, January-April sales declined by 14.8%. USA saw its April beer sales fall by 5%. Japan’s January-April beer sales dropped by 3.2%.

The best news of the month came from AmBev, which reported a plus of 14.1% in Jan/March for Brazil and 11.6% for Latin America and Canada combined.

The poor performance of the beer market in the early months of the year has vanquished the hope that beer and malt markets could turn around in 2010 and resume their former growth, experts said.

Reports come from several countries that small brewers and craft brewers are gaining market shares at the expense of the large groups.


Brazil: AmBev to build new USD140 mln plant in north-eastern Brazil

Brewer Companhia de Bebidas das Americas, or AmBev, will invest 260 million Brazilian reals ($139.5 million) in a new plant in the northeastern Brazilian state of Pernambuco, Dow Jones reported on June, 8.

The investment is part of plans to pump BRL2 billion into expanding its local productive capacity by 10% to 15%.

Surging demand has prompted AmBev to set aside BRL670 million to invest in expanding its production and distribution facilities in the north and northeast of Brazil, two of the country's poorer regions.

AmBev, Brazil's largest beer and soft drinks producer, is controlled by Belgium-based AB InBev NV.


Malaysia: Carlsberg Malaysia’s MD cautiously optimistic about the beer market’s future

Soren Ravn, Carlsberg Brewery Malaysia’s new managing director, finds the country’s beer market quite different from his previous experience, The Star reported on June, 5.

At 36, Ravn is the youngest managing director in the history of Carlsberg Malaysia. Prior to his appointment effective March 1, he was managing director of Carlsberg Hong Kong & Macau.

“The beer market here is much bigger compared to Hong Kong,” he said, adding that his first few weeks in the job “have been quite amazing.”

“In terms of volume size, Malaysia is much bigger. Hong Kong is just a city and Macau, an island.”

He notes however that unlike Hong Kong and Macau, the beer market in Malaysia had its own “limitations.”

“(In Hong Kong / Macau) the entire adult population drink beer, with some consuming more than others. But in Malaysia, there is a clear split because there’s part of the population that drinks while others (Muslims) don’t.”

“The challenge here was to be able to sell our beer but at the same time do it in a more respectful manner. We want to grow our consumer base but at the same time make sure we don’t insult anybody.”

Another significant difference, says Ravn, is that there are no ...More Info


Australia: Foster’s continues to lose market share in April

Australia’s No. 1 brewer Foster’s continued to lose market share in the beer sector in April, The Australian cited AC Nielsen data on June, 7.

The company's Victoria Bitter brand remained Australia's biggest-selling beer by value, but its market share was down from 17 per cent 12 months earlier to 15 per cent.

This was partly offset by increased market share for Foster's Carlton Draught brand, which rose from 13 to 14 per cent over the 12 months to the end of April, while the Corona brand distributed by Foster's in Australia also lifted its share, by one percentage point to 5 per cent of the market by value.

The low-carbohydrate Pure Blonde, the company's most successful new product of the past decade, continued to decline, with sales down 14 per cent by value in April compared with 12 months earlier, and market share shrinking from 5 to 4 per cent.

Beer sales by volume were down by 3 per cent across the industry, the second straight month of decline, although prices were up 4 per cent overall.

Foster's had forecast a slowdown in beer sales over the second quarter of calendar 2010 compared with the same period a year earlier, when revenue was boosted ...More Info


Barley News

EU: Difference between 2009 and 2010 barley crop prices still remarkable

Since months there is a remarkable price difference between old and new crop barley in the EU, industry analysts said in a research note.

French two-row spring barley, basis July 2009, FOB Creil, is quoted at EUR 107,-. If we add monthly increments of 0.93 till July, the spot price becomes EUR 118,-.

New crop barley, basis July 2010, but for deferred delivery Jan/June, costs EUR 140,-.

There is no business for delivery in the second half of 2010, but buyers believe they can obtain prices in between the two levels, certainly for the early months after harvest, industry sources report.

Danish barley, new crop, basis October, FOB seaport, traded at levels of EUR 143,-/144,-, according to market sources.

French winter barley is nominally quoted, basis July 2010, FOB Creil, Cervoise EUR 115,-, Esterel EUR 122,-.

According to insiders’ reports, the market mood is friendly, only a surprisingly good crop could turn the trend around.

Both crop years, 2011 and 2012 are reported to be carrying further premiums of EUR 15,- each, showing the market pessimism about the future malting barley production in the EU.


United States: Barley prices stuck in narrow trading range

Both feed and malting barley prices seem to be stuck in a narrow trading range, Larry Raap, from Sun Prairie Grains in Minot, N.D., was quoted as saying on June, 5 by Farm & Ranch Guide.

Mr. Raap said he didn’t look for that pattern to change anytime soon.

“It's been really quiet. I think everyone has enough (barley) on hand,” Raap said. “And I think acre-wise, the number of acres are down somewhat this year, but there is enough carryover that I don't think it's going to help push prices up anytime soon. Prices have only moved five to 10 cents either way for probably the last couple months. The industry seems to be pretty comfortable with what they have.”

One somewhat encouraging sign that the mountain of barley looming over the producers is starting to shrink is the fact that the barley pipeline isn't plugged up at this time, shipments are going through the system, albeit at a slow pace.

“We've been loading cars - it's not wide open, but they have been taking some,” he said. “It's kind of a slow procedure but we should be able to get all of last year's out before the new crop hits. ...More Info


Canada: Barley seeding in major delay, markets remain quiet

Delays in Canada’s barley seeding are now major, Integrated Malt Barley Management (IMBM) reports.

Saskatchewan’s barley seeds are at 60% against a 5 year average of 86% - the past 2 years were at 95 and 97% respectively.

A good harvest will once again depend on good weather in September which has been the case in Western Canada the last 2 years.

North America’s markets remain quiet, IMBM reports.


EU: Experts find encouraging the new malting barley futures market’s first stage of activity

NYSE Liffe’s malting barley futures market opened in May. The basis is EU two-row spring barley, varieties Sebastian and Tipple, usual specifications, delivery months Jan/March/May/Aug/Nov, FOB Antwerp/Ghent, in Euro currency, min. contract quantity 50 tons. First trading month is November 2010, experts summed up earlier this month.

As at the beginning of this month, the closing prices were Nov 160,-, Jan 166,50, March 168,25, May 169,75, For a comparison with physical markets one must deduct EUR 18,-for transport and fobbing, and the monthly increments of EUR 0,925 to arrive at a price for July, FOB Creil, experts said.

Although the number of concluded contracts is called encouraging for a beginning, there is not enough liquidity yet, and futures and physical markets do not match, Futures November 160,- = Creil, basis July 148,25, physical is market 144,-.


Hops News

Germany: Hail storms damage Hallertau’s hop gardens

Hail storms in Hallertau on 25th and 26th May covered an area of roughly 3,600 ha of hops, Hopsteiner reports.

Approximatively 2,500 ha were badly affected.

Yields in this area are likely to suffer considerable losses, Hopsteiner, one of the world’s leading hops producers, informs.

Those hop gardens which were not hit quite as badly will most probably revive during the vegetation period. Hopsteiner’s initial estimates suggest that there could be a shortfall of approximately 2,500 metric tonnes.

Scientific Digest


Josua, joint supplier assessment by a group of European maltsters

Jan De Bruyn, Johan Vissenaekens

ABSTRACT Within the framework of traceability, quality and food safety of malting barley, a group of European Maltsters has developed a common audit-system called JOSUA. JOSUA leads to uniformity of supplier-evaluation within the malting industry. It offers clear insight in area's for improvement for the suppliers of malting barley, not only on an individual basis but also in general.
Cerevisia, 33(1) 2008 http://www.cerevisia.eu

Barley Prices
French Malting Barley Prices
EURO = USD 1.1948 June 09, 2010
 Crop year   2009   2010 
 Parity   FOB Creil   FOB Creil 
 Position   July 2009   July 2010 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  109.00  130.50  141.00  168.50 
2RS  Prestige  108.00  129.50  140.00  167.50 
2RS  Cellar  107.00  128.00  139.00  166.50 
2RS  Sebastien  106.00  127.00  138.00  165.00 
2RS  Tipple  106.00  127.00  138.00  165.00 
2RS  Henley  106.00  127.00  138.00  165.00 
6RW  Esterel   102.00  122.00  122.00  146.00 

Nominal French Feed Barley Prices
EURO = USD 1.1948 June 09, 2010
Crop year 2009
Parity FOB Creil
Position July 2009
Type EURO USD
Feed Barley 94.00 112.31
Canadian Barley Prices
USD = CAD 1.0541, June 09, 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 237.00 237.00
2-Row Malting Barley, Off Shore 233.00 233.00
2-Row Malting Barley, for USA 233.00 233.00
2-Row Malting Barley, for Mexico 233.00 233.00
6-Row Malting Barley, Domestic 225.00 225.00
6-Row Malting Barley, Off Shore * 218.00 218.00
6-Row Malting Barley, for USA 218.00 218.00
6-Row Malting Barley, for Mexico 218.00 218.00
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 0.8371, June 09, 2010
Malting Barley Pricesin US$/t
2-Row Malting Barley, Basis Great Falls, Montana nq
6-Row Malting Barley, Basis Minneapolis, Minnesota 146.00
Feed Barley Pricesin US$/t
Feed Barley Basis Great Falls, Montana 119.00
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 1.1948 June 09, 2010 
Crop year  2009 
Parity  FOB Antwerp 
Position  June 2010 - Sept 2010 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  292.50  349.50  323.50  386.50  316.00  377.50  330.00  394.50 
2RS  Prestige  291.00  347.50  322.50  385.00  314.50  376.00  329.00  393.00 
2RS  Cellar  290.00  346.50  321.00  383.50  313.50  374.50  327.50  391.50 
2RS  Sebastien  288.50  345.00  320.00  382.00  312.00  373.00  326.50  390.00 
2RS  Tipple  288.50  345.00  320.00  382.00  312.00  373.00  326.50  390.00 
2RS  Henley  288.50  345.00  320.00  382.00  312.00  373.00  326.50  390.00 
2RS   Average price  290.00  346.50  321.00  383.50  313.50  374.50  327.50  391.50 
6RW  Esterel   283.50  339.00  315.00  376.50  307.50  367.00  321.50  384.00 
Asia Malt 70/30  288.00  344.00  319.50  381.50  311.50  372.00  325.50  389.00 
**  Asia Malt 50/50  286.50  342.50  318.00  380.00  310.50  370.50  324.50  387.50 


EURO = USD 1.1948 June 09, 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  326.50  390.00  357.50  427.50  350.00  418.00  364.50  435.00 
2RS  Prestige  325.50  388.50  356.50  426.00  348.50  416.50  363.00  433.50 
2RS  Cellar  324.00  387.00  355.50  424.50  347.50  415.50  361.50  432.50 
2RS  Sebastien  323.00  385.50  354.00  423.00  346.50  413.50  360.50  430.50 
2RS  Tipple  323.00  385.50  354.00  423.00  346.50  413.50  360.50  430.50 
2RS  Henley  323.00  385.50  354.00  423.00  346.50  413.50  360.50  430.50 
2RS   Average price  324.00  387.00  355.50  424.50  347.50  415.50  361.50  432.50 
6RW  Esterel   303.00  362.00  334.50  399.50  326.50  390.50  341.00  407.50 
Asia Malt 70/30  317.50  379.50  349.00  417.00  341.50  407.50  355.50  424.50 
**  Asia Malt 50/50  313.50  374.50  344.50  412.00  337.00  402.50  351.50  419.50 

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

Canadian Malt Prices
USD = CAD 1.0541, June 09, 2010
Theoretical Canadian Malt Prices, Basis Export Position Crop 2009 in C$/tCrop 2010 in C$/t
2-Row Malt, Domestic 458.00 458.00
2-Row Malt, Off Shore 453.00 453.00
6-Row Malt, Domestic 443.00 443.00
6-Row Malt, Off Shore* 433.00 433.00
* 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



EU Malt Exports

(in tonnes) Licence Fixations Export Shipments
(Adjusted)
Export Shipments
(To be adjusted)
2007 - 2008 2008 - 2009 July 01, 2009 -
March 31, 2010
France 357,498 323,305 267,606
Germany 352,420 241,245 152,123
Belgium 578,586 688,350 578,839
Bulgaria 2,860 804 333
U.K. 106,867 127,324 113,371
Finland 60,217 46,540 25,738
Denmark 99,380 54,942 38,308
Sweden 96,700 84,880 51,824
Netherlands 90,756 99,057 74,240
Ireland - - -
Italy 3,148 2,773 1,301
Austria 9,085 6,511 4,879
Spain - 19,058 8,572
Romania 500 - -
Portugal 476 1,028 918
Czech Republic 25,203 21,635 26,455
Poland 2,025 2,066 52
Hungary 2,638 13,099 14,198
Slovakia 16,645 16,796 10,722
Lithuania 1,855 1,038 2,275
Latvia - 347 110
Total EU 1,806,858 1,750,797 1,371,862

Total Roasted malt, tonnes
July 01, 2009 - March 31, 2010 32,760
Total 2008 - 2009 39,945
Total 2007 - 2008 28,177
Source: Eurostat
Graph of the Week


Source: Sindicerv

These Days in Business History
June 7
1775 United Colonies change name to United States
1887 Monotype type-casting machine patented by Tolbert Lanston
1965 Sony Corp introduced its home video tape recorder

June 8
1824 Washing machine patented by Noah Cushing of Quebec
1916 Francis Harry Compton Crick is born in Northampton, England. In 1953, working with James Watson, he discovers the double-helix molecular structure of DNA, the building block of life (and of the biotechnology industry)
1955 Tim Berners-Lee, future inventor of the World Wide Web, is born in London

June 9
1822 Charles Graham patents false teeth
1869 Ives W. McGaffey of Chicago patents 1st vacuum cleaner
1994 Jan Tinbergen, Dutch economist (Plan of Labor, Nobel 1969), dies at 91

Agenda