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Newsletter Summary

Currency rates
Equities of largest breweries
Market prices change trend
Top industry news
Brewery news
Malt news
Barley news
Hops news
More news
Theoretical malt prices
Malting barley prices
Barley price evolution
Table of the week
Graph of the week
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Average market prices Change trend

23 Jun-24 Jun 2005
Crop 2004
2rs Barley €100.0-101.0     
6rw Barley €99.5-101.5       
2rs Malt €231.5-233.5     
6rw Malt €230.5-232.5     
Crop 2005
2rs Barley €116.0-118.0     
6rw Barley €110.0-111.0     
2rs Malt €248.5-250.5     
6rw Malt €240.0-241.0     

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 market prices are estimated on FOB Antwerp basis.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.

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Market price evolutions

The evolution of market prices for barley and malt, which are periodicaly issued with e-malt.com newsletters are published on e-malt.com site in Market Prices section. Just click here!
Available market price evolutions

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Canada Average Barley Prices 1983-2005

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Canadian Malting Barley Prices vs. Danish 2Row

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Australia Malting Barley Export Prices 2000-2005

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Malt Market Price Evolution. Crop 2005

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French Malting Barley Price Evolution. Crop 2005

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Malt Market Price Evolution. Crop 2004

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French Malting Barley Price Evolution. Crop 2004

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Malt Market Price Evolution. Crop 2003

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French Malting Barley Price Evolution. Crop 2003

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USA Beer Production 1993-2004

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USA Craft Beer Industry 2001-2004

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EU malt export licence fixations until May 26, 2005

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Mexico Barley 1996-2005f

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German Spring Barley Production. Crop 2005. Forecast.


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Equities of the Largest Breweries

Top Industry News
    Vietnam: Competition is heating up in the beer sector ... Click here

    Russia & Colombia: Heineken should better invest in Russia than buy Bavaria, analyst says ... Click here

    Czech Republic: Plzenský Prazdroj announced its financial results for fiscal year ... Click here

    China: Talks to sell a further Kingway stake to Heineken are still preliminary ... Click here

    Bulgaria & Macedonia: Kamenitza Brewery enters Macedonian market ... Click here

    Belgium & Vietnam: Belgian forwarder gains Belgian malt export business ... Click here

    Ukraine: Sarmat brewing group has increased its malt production capacity ... Click here

    USA: This year's barley crop is showing the potential for excellent yield ... Click here

    USA: Proposal to limit sales of Northwest hops is to be halted ... Click here

More News
    UK: CSFB ups Scottish & Newcastle to outperform ...more info

    USA: Coors said Idaho barley growers had a great year in 2004 ...more info

    Ukraine: Crimean agrarians harvested 3,000 tonnes of barley this year ...more info

    Bulgaria: Zagorka Brewery fined for breaking the competition rules ...more info

    Russia: Merger of Yarpivo and Voronezh breweries of BBH may be postponed indefinitely ...more info

    Philippines: SMC bags Monde Selection's grand gold medal award ...more info

    Denmark: The Executive Board of Royal Unibrew obtains a right to purchase shares ...more info

    USA: Drinks Americas intends to purchase Rheingold Brewing Company ...more info

    India: The heat wave lead beer sales in New Delhi to a record high level this month ...more info

    Colombia: No sale of Bavaria is imminent, but a deal may be reached by the end of 2005 ...more info

    Russia: In the next 4-5 years Russia might loose brewing industry ...more info

    Malaysia: Carlsberg Brewery Malaysia Bhd appointed a new Chairman ...more info

Brewery News
Vietnam: Competition is heating up in the beer sector

This year, Vietnam's brewing industry is expected to produce about 1.5 billion litres of beer compared to 1.37 billion litres in 2004...more info

Russia & Colombia: Heineken should better invest in Russia than buy Bavaria, analyst says

Dutch brewing giant, Heineken NV, should focus on Russian expansion and let SABMiller Plc buy Colombia's Grupo Empresarial Bavaria, Bloomberg cited Fortis analyst Sebastiaan Schreijen.

"We believe the best outcome for Heineken might actually be that SABMiller buys Bavaria," Schreijen wrote in a note to investors today. “A stake in Bavaria would likely stretch the financial room in the balance sheet. We rather see Heineken using its financial headroom for acquisitions in Russia.''

The limiting factor for Heineken in making such a bid is the Heineken family, which has a controlling stake that it apparently isn't ready to dilute, Schreijen wrote. Heineken can probably manage to pay 4.2 billion euros ($5.1 billion) and Bavaria may go for $6 billion to $11 billion based on current valuations, he wrote. He has a ``buy'' rating on the shares.

Heineken said in April that it was one of several brewers interested in Bavaria as demand for beer in emerging markets outpaces consumption in the U.S. and Western Europe. Heineken has said it wouldn't be interested in the brewer for $9 billion.

Beermakers have spent more than $72 billion on acquisitions in the past five years to seek growth in new markets, data compiled by Bloomberg show. Heineken agreed to buy Russia's Patra Brewery in May to help boost its share of that market, adding almost 1 percentage point to 8.3 %. ...more info

Czech Republic: Plzenský Prazdroj announced its financial results for fiscal year

Major Czech beer maker, Plzenský Prazdroj, a.s., a unit of SABMiller plc, announced on June 24 the financial results for the fiscal year ended 31st March 2005...more info

China: Talks to sell a further Kingway stake to Heineken are still preliminary

Kingway Brewery Holdings Ltd. announced on Friday, June 24, that talks to possibly sell a further stake to Netherlands’ brewing force, Heineken N.V., are still at a preliminary stage, according to Reuters.

In May 2005, Kingway said there had been no progress in discussions with the Dutch brewer, which is considering increasing its stake in the Chinese beer maker from 21.44 %. Heineken is competing with global rivals such as Anheuser-Busch and SABMiller to expand its share of China's fast-consolidating beer market, the world's largest by volume.

Early last year, the Dutch brewer paid HK$1.85 per share for its stake in Kingway. Shares in Kingway, which has a leading market position in the affluent southern province of Guangdong, have risen 2.8 % over the past month to close at HK$2.75 Thursday, June 23. (US$1=HK$7.8)

Bulgaria & Macedonia: Kamenitza Brewery enters Macedonian market

Kamenitza AD, a unit of Inbev, has been selling beer on the Macedonian market since May, the company announced on June 14...more info

Malt News

Belgium & Vietnam: Belgian forwarder gains Belgian malt export business

Ho Chi Minh City based Aan Boord Cargo, a Belgian owned freight forwarder, has begun shipping Belgian produced malt for the brewing industry in Vietnam, PR Leap communicated on June 25, 2005. The malt is produced by Flanders based leading malt producer and exporter Boortmalt NV and sold to Vietnam buyers under sales contract of the Belgian trading firm Mondoo to be used in brewing beer in Vietnam. Currently the major brewers in Vietnam are Heineken/Tiger, Carlsberg, Fosters/La Rue Export, San Miguel as well as several locally well known Vietnamese beers.

Aan Boord Cargo, a founding member of Aeroceanetwork, is one of only two Belgian logistics firms on the ground in Vietnam, the other being Ahlers Vina Logistics joint-venture of the well-known Ahlers Group. But Aan Boord Cargo has the distinction of being the only Belgian owned logistics company with Belgian management in country. Aan Boord Cargo’s managing director, Mr. Geert Van Doorslaer, who came originally to Vietnam from Dubai three years ago in order to win business for Barwil, worked closely in pursuit of this malt business with Aan Boord Cargo’s Belgian partner, fellow Aeroceanetwork member De Keyser Expeditions BV to, win this account. “I worked very hard with De Keyser Expeditions’s point man, Jan Segers, to nail down this business” said Van Doorslaer, “and in thanks our combined persistence, the hard work is paying off.”

Geert’s activities are not only limited to leading Aan Boord Cargo and representing them within Aeroceanetwork. ...more info

Ukraine: Sarmat brewing group has increased its malt production capacity

On June 20 Sarmat brewing company has finished the reconstruction of its malting unit at ZAO Dnepr Brewery...more info

Barley News

USA: This year's barley crop is showing the potential for excellent yield

This year's barley crop continues to show the potential for excellent yield, Farm & Ranch Guide published on June 23...more info

Hops News

USA: Proposal to limit sales of Northwest hops is to be halted

The U.S. Department of Agriculture announced on June 20 it would halt consideration of a proposal to limit the sale of hops that grow in the Pacific Northwest and are sold to brewers to give beer its bitter taste, according to Associated Press.

A coalition of hops growers had asked the agency to establish a federal marketing agreement to regulate the quantity of hops that could be brought to market by growers. It was an attempt to boost prices and compensate for an oversupply of the alpha acid extracted from hops and used to flavor beer. Such supply-limiting curbs on agricultural production go into effect after a majority of growers approve the proposal through a referendum.

But after more than two years of deliberations, USDA's Agricultural Marketing Services said it had ended the marketing order proceedings prior to putting the issue to a vote. Agency officials determined there was no demonstrated need for limits on the amount of U.S.-produced hops released into the world market and that there would be no positive economic benefit on the hop industry from such an order.

"It's up to the advocates for the order to make their case, and on several levels, the case failed to reflect convincing industry support," said George Chartier, a spokesman for Agricultural Marketing Services in Washington, D.C. ...more info

Theoretical malt prices.

* - 70/30 = 70% Average Two Row Spring and 30% Six Row Winter
** - 50/50 = 50% Average Two Row Spring and 50% Six Row Winter

Theoretical malt prices for crop 2005 are available on site www.e-malt.com/MarketPrices

Malt Price Evolution
Malt Market Price Evolution, Crop 2005

Source: E-malt.com

Malting barley prices. French barley prices.
Nominal prices.

nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Table of the week
Australian Barley Supply and Disposal 2001-2006

 in thousand metric tonnes 

2001-2002  2002-2003  2003-2004  2004-2005s  2005-2006f 
 Production  8,280  3,865  8,728  6,454  5,619 
 Domestic use  2,535  1,986  2,429  2,625  2,880 
             as malt and other human use  161  165  168  172  176 
             feed  2,200  1,650  2,100  2,300  2,550 
             seed  174  171  161  153  154 
 Exports  5,274  2,608  6,996  5,237  4,676 
            as malting barley  1,705  1,099  2,135  1,495  1,121 
            malt (grain equivalent)  600  624  624  562  534 
            feed barley  2,971  885  4,241  3,181  3,022 

Source: ABARE June 7, 2005

Graph of the week


June 2005:
World Barley, Malt & Beer Conference 2005, Germany;
ASBC Annual Convention. American Society of Brewing Chemists Meeting.;
BRASIL BRAU International Fair of Beverage Technology;
FOOD TAIPEI 2005. The largest food and beverage show in Taiwan;
BevTek / BrewTek International Exhibition of Beverage and Brewery Processing and Packaging Technology. Bangkok, Thailand ;

July 2005:
Interwine China. International Wine, Brewery and Beverage Processing Technology and Equipment Trade Fair;
2005 North American Barley Researchers Workshop;
U.S. Grains Council Summer Board Meeting;
District Eastern Canada MBAA annual convention;
Open Door to "Mortal's Beers";

More events are available on site e-malt.com

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