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E-Malt.com newsletter
February 27 - March 02, 2003
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1. Trading info
At this moment there are
two OFFERS for 2500 tons of malt on the trading portal www.e-malt.com
- Offer for 1000 mtons of malt, Any 2RS(100%), crop 2002, bulk,
delivery 01/03/2003 - 31/07/2003, at EUR 298.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF2802P1500)
- Offer for 500-1500 mtons of malt, 6RW, Esterel(100%), crop 2002, bulk,
delivery 01/07/2003 - 30/09/2003, at EUR 273.00 /mton, FOB Antwerp.
(to see and make a bid to the malt offer, please view code MF2802P1643)
Top Industry News
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Finland's Hartwall family, owner of nearly 12% of Scottish & Newcastle Plc, said it had no plans to reduce its stake...
Click here
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The US brewing combine, Anheuser-Busch, has announced its opposition to a planned CLP169 billion-dividend payment by the Chilean drinks group...
Click here
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Brazil's AmBev SA, the world's fifth-largest brewer, said it expected to sell slightly more beer and invest more in 2003...
Click here
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Colombia's largest brewer, Bavaria, has registered a net profit of 336.2 billion pesos ($113.8 million) in 2002.
Click here
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The main products of processing cereals imported in Ukraine are brewing malt and wheat flour...
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More news are available on site www.e-malt.com
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Britain's biggest brewer Scottish & Newcastle Plc is close to appointing current finance director Ian McHoul as its new chief executive after a nine-month search
...more info
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The Chilean Brewer CCU, the most heavily traded stock, rose 1.21% to 2,500 pesos after a shareholders meeting approved dividends of $230 million
...more info
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The British government should do more to "support the efforts of the UK brewing industry and to promote awareness of Britain's national drink
...more info
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Brasserie Nationale-Bofferding, the Luxembourg brewing group, has posted a 23.1% rise of its net profit up to €3.9m (US$4.2m) for 2002
...more info
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The Dutch brewing force Heineken N.V. reported on February 26 an 11% rise of its net profit for 2002
...more info
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As the consequence of last year's drought, Canada's malt production will likely recover to meet again the needs of maltsters
...more info
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The Danish second largest brewery group Bryggerigruppen (The Brewery Group) is widening its distribution deal with the Dutch brewing giant Heineken to
...more info
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Suntory, the Japanese brewer and distiller, has reported a net profit for the year to the end of December 2002 of Y20.28 billion, up 43% against 2001 results
...more info
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First Federation company, the former exclusive distributor of Heineken beer in Russia, intends to sue the Dutch brewer for concealing the plans to
...more info
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Industry statistics reveal that growth in the total alcohol market in Korea slowed in 2002 to 6.4%
...more info
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The Polish number three brewer, Carlsberg Okocim, has registered a net loss for the fourth quarter of 2002 of PLN10.35m
...more info
2. Industry news
Finland's Hartwall family, owner of nearly 12% of Scottish & Newcastle Plc, said it had no plans to reduce its stake in the British brewer in the near future, despite being freed to do so, Reuters reported. The Hartwall family holds about 101 million shares in S&N after the family-controlled Hartwall company was bought by S&N for 1.2 billion pounds ($1.9 billion) last year.
The family is free to sell the stake - worth about 350 million pounds ($550 million) -- from Friday under the terms of the deal, but it said it would not do so. "We've been in the beer business for 167 years, we like the business and we want to stay there as long as we think it's a good investment," he said.
Erik Hartwall is managing director of the Hartwall family holding company and a non-executive director of S&N. Erik Hartwall declined to say how long he expected the family to hold the shares, but said it was "very relaxed" about recent weakness in the share price...more info
The US brewing combine, Anheuser-Busch, has announced its opposition to a planned CLP169 billion-dividend payment by the Chilean drinks group, Compania Cervecerias Unidas (CCU). A-B is the second largest shareholder in CCU with 20%. The extraordinary dividend was proposed on January 14. The same day Heineken announced it was to buy a participation in CCU currently owned by the German group, Schoerghuber Stiftung & Co.
"We don't think it's in the best interest of CCU or of all of its shareholders that the company assumes debt to pay an extraordinary dividend at this time," said Steven Burrows, president and chief executive officer of Anheuser-Bush International.
However, in January it was announced that Heineken is proposing to buy Schoerghuber Stiftung's stake at a premium without making a tender offer to other shareholders.
Brazil's AmBev SA, the world's fifth-largest brewer, said it expected to sell slightly more beer and invest more in 2003, as well as make further cost cuts, according to Reuters. Marcel Telles, the co-president of the board of Companhia de Bebidas das Americas' (AmBev), said the firm expected to increase its beer sales volume by between 3% and 4% in 2003, or slightly above consumption growth.
"By market share, our internal target is to hold it around 70 (percent)," he told a conference call with analysts to discuss the company's fourth-quarter and annual results.
AmBev executives said the company aimed to make cost and expense savings of between 150 million reais and 200 million reais ($42 million-$55 million) in 2003 on ingredient and packaging costs and improving sales and distribution.
Colombia's largest brewer, Bavaria, has registered a net profit of 336.2 billion pesos ($113.8 million) in 2002, up 79.4% in peso terms versus its 2001 net profit, the Securities Superintendency said on Wednesday. Bavaria, Latin America's fourth-largest brewer, made profits of 187.4 billion pesos ($62.4 million) in 2001.
The company, which controls about 95% of Colombia's beer market and has been expanding aggressively in Latin America under a $1 billion plan, said it would propose increasing its annual dividend by 6% to 402.9 pesos (13 cents) per share during a shareholders' meeting on March 21, Reuters reported.
Shares of Bavaria, which are among the most liquid in Colombia's small stock exchange, fell 0.72% to 13,850 pesos. A Bavaria spokeswoman said the better 2002 results were within the firm's expectations. More details will be provided on Thursday, the spokeswoman said...more info
The main products of processing cereals imported in Ukraine are brewing malt and wheat flour. In 2002 Ukraine imported about 44.8 thousand tons of malt. In December 2002 the import of malt totaled about 3.027 thousand tons, 1% up versus November 2002. The commodity was delivered from Slovakia (55%), Czech Republic (26%), Russia (11%) and France (8%). The malt was shipped by rail (92%) and by motor transport (8%). The biggest suppliers are “Shenton GmbH” (Austria), Cratius LLC (USA), New Business International Corp. (USA), ZAO "Solodovnea Mutena" (Russia) and Malteurop (France).
3. Theoretical malt prices.
| EURO = USD 1.0759 February 28, 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 |
290.50 |
312.50 |
305.50 |
329.00 |
302.50 |
325.50 |
312.00 |
335.50 |
| 2RS |
Scarlett |
291.50 |
313.50 |
307.00 |
330.50 |
304.00 |
327.00 |
313.00 |
337.00 |
| 2RS |
Aspen |
289.00 |
311.00 |
304.50 |
327.50 |
301.50 |
324.50 |
310.50 |
334.50 |
| 2RS |
Optic |
288.00 |
309.50 |
303.50 |
326.50 |
300.50 |
323.00 |
309.50 |
333.00 |
| 2RS |
Astoria |
286.50 |
308.50 |
302.00 |
325.00 |
299.00 |
321.50 |
308.50 |
331.50 |
| 2RS |
Cork |
286.50 |
308.50 |
302.00 |
325.00 |
299.00 |
321.50 |
308.50 |
331.50 |
| 2RS |
Average price |
289.00 |
310.50 |
304.50 |
327.50 |
301.50 |
324.00 |
310.50 |
334.00 |
| 2RS |
FAQ |
285.50 |
307.00 |
301.00 |
323.50 |
298.00 |
320.50 |
307.00 |
330.50 |
| 6RW |
Esterel |
266.50 |
287.00 |
282.00 |
303.50 |
279.00 |
300.50 |
288.50 |
310.00 |
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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 1.0759 February 28, 2003 |
| Crop year |
2002 |
2003 |
| Parity |
FOB Creil |
FOB Creil |
| Position |
July 2002 |
July 2003 |
| Type |
Variety |
EURO |
USD |
EURO |
USD |
| 2RS |
Scarlett |
139.00 |
149.50 |
140.00 |
151.00 |
| 2RS |
Prisma |
138.00 |
148.50 |
nq |
nq |
| 2RS |
Prestige |
nq |
nq |
139.00 |
149.50 |
| 2RS |
Aspen |
137.00 |
147.50 |
137.00 |
147.50 |
| 2RS |
Optic |
136.00 |
146.50 |
137.00 |
147.50 |
| 2RS |
Astoria |
135.00 |
145.50 |
136.00 |
146.50 |
| 2RS |
Cork |
135.00 |
145.50 |
135.00 |
145.50 |
| 6RW |
Esterel |
122.00 |
131.50 |
125.00 |
134.50 |
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