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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
Malting barley prices
Table of the week
Graph of the week
Agenda
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Average market prices Change trend

21 Sept - 23 Sept 2005
Crop 2005
2rs Barley €116.0-118.0
6rw Barley €104.0-106.0

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.
The changes are compared to last Newsletter's prices.
Arrows indicate the direction of the change.


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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!

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Other e-malt.com newsletters

Last five newsletters
See this Newsletter!
Newsletter 38a, 2005

See this Newsletter!
Newsletter 37b, 2005

See this Newsletter!
Newsletter 37a, 2005

See this Newsletter!
Newsletter 36b, 2005

See this Newsletter!
Newsletter 36a, 2005

See this Newsletter!
Newsletter 35b, 2005



Market price evolutions

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

Available market price evolutions


E-malt.com graphs

All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.
Last five graphs



The graphs are updated from time to time. Just see the updates online on e-malt.com site!

E-malt.com 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.

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E-malt.com Newsletter 38b
September 21 - September 23, 2005

Currency Rates
Base Currency: Euro, EUR
on 23-September-2005

1 EUR = 1.2153 USD
1 EUR = 0.6788 GBP
1 EUR = 1.423 CAD
1 EUR = 1.5945 AUD
1 EUR = 135.79 JPY
1 EUR = 2.7623 BRL
1 EUR = 34.5084 RUB
1 EUR = 9.8453 CNY
Base Currency: US Dollar
on 23-September-2005

1 USD = 0.823 EUR
1 USD = 0.5586 GBP
1 USD = 1.1709 CAD
1 USD = 1.312 AUD
1 USD = 111.74 JPY
1 USD = 2.2729 BRL
1 USD = 28.395 RUB
1 USD = 8.1011 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Sri Lanka & Singapore: Asia Pacific Breweries has acquired 60% in United Brewery Lanka... Click here

Australia: Takeover Panel rejects Lion Nathan application on Coopers bid... Click here

Kazakhstan: BBH is investing EUR 35 mln at Ak Nar brewery and eyes neighbouring markets... Click here

Brasil & Canada: Molson Coors brewery wants remaining in Brazilian market... Click here

Belgium: Duvel Moortgat’s consolidated turnover increased by 7.7% in the first half of 2005... Click here

China: Beer exports from January to July in value of US$39.267 million... Click here

Ukraine: In the first two months of 2005-2006 Ukraine malt production increased by 27%... Click here

Germany: Current year malt production bellow average results... Click here

EU: The majority of the winter malting barley surplus will probably be exported to China... Click here

USA: Hops stocks decline, USDA said... Click here

More News
Germany: The first in the world solar brewery to be built in Upper Bavaria ...more info

Russia: Baltic Beverages Holding says Tuborg H1 sales increased 136 % in Russia ...more info

Belgium & Luxembourg: The new chief of Belgium and Luxembourg division of InBev ...more info

Russia: Russian beer market is to grow by 4-5% in 2005 ...more info

Australia: Foster’s intending increasing sales in Australia ...more info

Japan: Saporo organises charity concert for helping New Orleans ...more info

China: DBS Vickers reduced the Kingway Brewery earnings estimates ...more info

Japan: Nikko Citigroup raised its rating for Kirin Brewery ...more info

India: United Breweries declares payment of interim dividend ...more info

South Korea: Hite Brewery to sell Jinro stake to a Morgan Stanley fund ...more info

Australia: The setting up of Barley Breeding Australia would double industry size ...more info

United Kingdom: Savings brought by supersonic brewing ...more info

USA& Canada: Analysts about barley crop estimates ...more info

Japan: Asahi likely to get a higher rating from Moody’s ...more info

Nigeria: Nigerian Breweries Plc rejects government allegation on water pollution ...more info

Canada: Molson Coors completes cross-border senior notes private placement ...more info

USA: Granite City Food & Brewery Opens in Minnesota ...more info



Brewery News

Sri Lanka & Singapore: Asia Pacific Breweries has acquired 60% in United Brewery Lanka

Singapore's Asia Pacific Breweries Ltd (APB) announced on September 23 it has acquired a 60% equity stake in United Brewery Lanka Limited (UBL) as a part of its strategy for extending its presence to South Asia. APB will inject up to USD 5 million (S$8.25 million) in fresh shareholders funds to be funded from internal resources.

Partnering Sri Lankan-based Anandappa family group and associates and MBL Offshore Limited, a wholly-owned subsidiary of Phoenix Beverages Limited which is a leading beverage group from Mauritius, the investment marks APB's maiden entry into Sri Lanka. "APB's stake in UBL is consistent with our regional expansion strategy to acquire strategic interests in domestic breweries within selected markets to create defendable and profitable businesses. South Asia is amongst the emerging markets which APB has identified for growth and our interest in UBL will give APB access to the growing Sri Lanka beer market," said Mr Koh Poh Tiong, Chief Executive Officer, APB.

Sri Lanka is one of the most liberal and foreign investor friendly economies in South Asia. With a population of approximately 19.3 million, the country's GDP is expected to grow between 5% and 6% per annum. In line with its economic growth, the ...

...
more info


Australia: Takeover Panel rejects Lion Nathan application on Coopers bid

Lion Nathan Ltd attacked on September 22 the board of takeover target Coopers Brewery over what Lion Nathan described as Coopers "unusual" approach to the sales process for Coopers shares, according to Asia Pulse’s statement.

Australia's Takeover Panel said it has rejected an application for it to act on alleged misleading statements made by Coopers Brewing Ltd directors relating to a A$352 mln bid for the brewer by Lion Nathan Ltd., according to AFX publications from September 23. The panel said it dismissed Lion Nathan's application because it believes Coopers' 117 shareholders are unlikely to have been misled by their board.

Beer maker Lion Nathan, 46 % owned by Japan's Kirin Brewery Co, has made a $A352 million ($US267.91 million) takeover bid for Coopers, offering $A260 ($US197.89) per Coopers share, which Cooper's has rejected as opportunistic.

In the past few weeks, the two companies have been arguing over a pre-emptive rights regime which determines the process of how the shares are sold, the order in which shares up for sale are made available to buyers, and sets a "fair value" for shares if there is disagreement between a seller and purchaser on price.

Under the Coopers constitution, shares up for sale must ...

...
more info


Kazakhstan: BBH is investing EUR 35 mln at Ak Nar brewery and eyes neighbouring markets

Baltic Beverages Holding AB (BBH) the joint venture owned 50-50 by Scottish & Newcastle PLC and Carlsberg AS, is investing EUR 35 million at its brewery in Kazakhstan, BBH president Christian Ramm-Schmidt told AFX News on September 21. The purpose is to double production at its Ak Nar brewery based in Kazakhstan's financial capital Almaty. BBH owns 90% of Ak Nar, where it produces beer under the popular Derbes, Irbis and Alma Ata brands.

BBH's investment aimed to boost Ak Nar's capacity to 2.3 – 2.5 million hectolitres a year from the current 1.4 million hectolitres, according to Reuters statement. The increase of capacity will be used partly to produce Baltika brand beer, currently imported from Russia, and partly to increase production of BBH's three local brands, Derbes, Irbis and Almaty, he said.

"We have so far invested some $60 million in Ak Nar," Paul Bergqvist, Carlsberg's executive vice president and deputy chief executive officer, told a presentation late on Tuesday. "As Kazakhstan's market is very interesting, promising and fast-growing we have decided to invest a further 35 million euros ($43 million) in the plant in Almaty," he said, adding that the investment would be made by the summer of ...

...
more info


Brasil & Canada: Molson Coors brewery wants remaining in Brazilian market

Molson Coors Brewing Co. reiterated on September 20 that it is looking at a range of options, including third-party discussions, for its Brazilian operation in wake of speculation that it was close to selling the division, according to Associated Press. In a Securities and Exchange Commission filing, the world's fifth-largest brewer repeated a position first announced in May that it wants to remain in the Brazilian market if it can do so "on a winning basis."

The filing came on the heels of unconfirmed reports and some analyst speculation that Molson Coors was negotiating a sale of the poor-performing division, Cervejarias Kaiser. Many believe the company would be better off if it sold the unit. "The expectation is that they are looking to sell it clearly," said analyst Bill Chisholm who tracks Molson Coors for Dundee Securities.

"They're not putting any more money into it, and it seems to be at very best stagnant, if not still deteriorating, so it needs someone who is more committed to it to get it turned around," he said.The SEC filing likely was submitted to help "ward off press speculation," he said.

In May, Molson Coors CEO Leo Kiely said the parent company would not put additional ...

...
more info


Belgium: Duvel Moortgat’s consolidated turnover increased by 7.7% in the first half of 2005

Duvel Moortgat NV announced on September 20 that its consolidated turnover increased by 7.7% and income after tax by 8.2% for the first half of 2005 year-on-year. Turnover abroad represents already 33% of total turnover.

Turnover of the group’s main beer brands realises a significant increase compared to the first quarter of 2004. Duvel’s turnover rises globally by 4%. The 3 Maredsous abbey beers increase by 18%. Vedett almost doubles its turnover. Turnover of the Czech Bernard beers increases by 31% and that of the Ommegang products in the United States by 23%.

The growing sales abroad, representing already 33% of turnover, proves that Duvel Moortgat continues its internationalisation successfully.

Due to the disappearance of Freya’s turnover, the Belgian market only rises by 1%. The turnover abroad increases by 23% as a direct result of diverse initiatives in the priority export markets. In the Netherlands, following the price war in the supermarket chains, turnover only increases by 3%, not taking into account Freya. In France, turnover grows by 38% and, in the UK, by 31%. The United States also do well with a turnover increase of 23%. Both the American and the Belgian beers increased their volumes. The other countries, ...

...
more info


China: Beer exports from January to July in value of US$39.267 million

In July 2005 China exported 14,080,000 litres of beer valued at US$6.481 million.

Exports in January-July amounted to 81.630 million litres in value of US$39.267 million, up 4.6 % and 1.3 % respectively year on year.

Malt News

Ukraine: In the first two months of 2005-2006 Ukraine malt production increased by 27%

In the first two months of 2005-2006 market year Ukraine produced about 56,600 tonnes of malt compared to 44,600 tonnes of malt manufactured during the same period in 2004-2005, according to Ukraine statistics figures.

In August 2005 Ukraine produced about 26,900 tonnes of malt that is a decrease by 10% compared to July 2005. However compared to August 2004 these volumes increased by 18% (with 4,000 tonnes).

The leading Ukrainian malt manufactures are: Kharkov based company Malteurop with a malt output of 8,500 tonnes in August 2005; OAO Slavutsky Malting plant, which produced about 6,000 metric tonnes of malt in August 2005; Chernigov based unit of Malteurop Ukraine with 4,100 tonnes and ZAO Obolon Brewery with 4,200 tonnes.


Germany: Current year malt production bellow average results

Analysts say about the malt capacity production of Germany that even if one deducts 130-140,000 tons of permanent or temporary malt plant closures from total capacity, there is
still an operational industry of 2 million tonnes of malt.

January-April production was 141,200 tons per month, equal to1,7 million tonnes per year. In all past years, German production was never below 2 million tonnes but for the current cropyear analysts estimate cautiously, that no more than 1,8 million tonnes will be produced.

Barley News

EU: The majority of the winter malting barley surplus will probably be exported to China

The 2005 EU harvest of winter malting barley accounted for about 2 million tonnes, for which there was a demand of 1.65 million tonnes. The main varieties of this barley are Vanessa and Pearl (two row) and Esterel (six row), GlobalMalt commented in its September Market Report.

“The high prices of barley within the EU, a strong Euro and good harvests or good harvest prospects in Canada, Australia and South America are limiting exports of malting barley. Despite this, the majority of the winter malting barley surplus will probably be exported to China. The majority of the reduced surplus of spring malting barley will probably also be exported during the course of the year.

Overall there will not be a major surplus of malting barley in the EU. The first negative predictions about the 2006 sowing season are also appearing. In Germany, the farmers and collectors are currently expecting a reduction in the growing area between 15 and 30 % due to good sowing alternatives.”

Hops News

USA: Hops stocks decline, USDA said

The quantity of hops on hand in the United States as of September 1 is down from year earlier levels, AgReport posted on September 16.

The USDA reports growers, dealers, and brewers had 60.0 million pounds on hand, 8% less than the revised September 1, 2004 stocks of 65.0 million pounds and 13% below September 1, 2003. March 1, 2005 holdings were also revised upwards to 76.0 million pounds.

Stocks held by brewers, at 33.0 million pounds, were down 1.00 million pounds from the revised September 1, 2004 estimate and 2.00 million pounds below September 1, 2003.

Stocks held by growers and dealers on September 1, 2005 were 27.0 million pounds, 13% less than the stocks on hand last year and 21% under two years ago.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2153 September 23, 2005 
 Crop year   2005 
 Parity   FOB Creil 
 Position   July 2005 
Type   Variety  EURO  USD 
2RS  Scarlett  118.50  144.50 
2RS  Prestige  118.00  143.50 
2RS  Cellar  118.00  143.50 
2RS  Aspen  nq  nq 
2RS  Optic  nq  nq 
2RS  Sebastien  116.00  141.00 
2RS  Astoria  116.00  141.00 
2RS  Cork   115.50  140.50 
6RW  Esterel   105.00  128.00 
nq - Not quoted
Prices for Danish and UK malting barley are available on site www.e-malt.com/MarketPrices

Table of the week

EU Malt Export Licence Fixations

(in tonnes)   2001-2002   2002-2003   2003-2004  2004-2005   July 01, 2005 - August 30, 2005  
 France   701,134  661,772  774,761  674,140  76,450 
 Germany   468,314  408,063  422,047  295,876  29,348 
 Belgium   296,368  287,850  317,292  418,344  94,052 
 U.K. 350,621  294,995  443,501  201,892  53,360 
 Finland   91,890  100,758  114,165  64,986  7,024 
 Denmark    96,812  94,791  90,452  74,743  13,260 
 Sweden   101,000  76,916  78,369  88,840  14,000 
 Netherlands   51,310  66,219  80,703  49,128  6,940 
 Ireland   35,145  31,140  38,900  56,924 
 Austria   8,840  8,620  60,211  16,954  5,015 
 Spain   2,400  5,640  10,000 
 Greece   1,744  1,306  979  130 
 Portugal   221  85  695  850  85 
 Italy  
 Total EU 15  2,205,799  2,038,157  2,432,075  1,942,807  299,534 
 New EU members  May-June, 04     
 Czech Republic       34,340  82,062  10,121 
 Poland       7,604  32,084 
 Hungary       2,830  85,792  7,017 
 Slovakia       1,000  76,916  20,940 
 Total EU 25   2,205,799  2,038,157  2,477,849  2,219,661  337,612 

  Total Wheat malt, tonnes  
Total 2001-2002    12,805 
Total 2002-2003    30,908 
Total 2003-2004    15,768 
Total 2004-2005    8,162 
July 01 – August 30, 2005    1,119 
   
  Total Roasted malt, tonnes  
Total 2001-2002    23,480 
Total 2002-2003    23,603 
Total 2003-2004    24,438 
Total 2004–2005    27,212 
July 01 - August 30, 2005    4,114 


Graph of the week
Source: USDA, September 12, 2005
Agenda
September 2005:
New South Wales Brewing Championships 2005.
Keighley Beer, Cider & Perry Festival
Stockholm Beer & Whisky Festival
Great American Beer Festival, Colorado Convention Center, Denver
Harpoon Octoberfest,one of the biggest in New England

October 2005:
Custom Brewcrafters Autumn Festival Of Ales
7th Annual Charlotte Oktoberfest
MBAA Brewing & Malting Science Course
BJ's Beer Appreciation Night Woodland Hills - Oktoberfest
International Beer Summit / Kokusai Beer Matsuri
5th 2005 Technical Symposium, "The US Brewing Industry Considered
10th Annual World Beer Festival
5th Annual Autumn Brew Review
Anuga 2005, is a biennial show and is known as the world
Maryland Brewer's Oktoberfest
Great Decatur Beer Tasting Festival 2005 organised in Georgia, USA
Falmouth Oyster Festival with beer and oysters
Nottingham Beer Festival.Over 350 different casks of real ale
Falmouth Beer Festival Cornwall CAMRA
28th Norwich Beer Festival, is organised by the Norwich & Norfolk Branch
New England Beer Fest,a celebration of the local New England Beer Scene
Malt and Malting Barley Symposium

November 2005:
Weekend of Belgian BeersFestival
THE DUTCH BEERFESTIVAL
Brew BLAST. Annual Beer, Lager, Ale, and Stout Tasting
Georgia Craft Brew Challenge
Maine Beer Festival
US Grains Council International Malt Barley & Malting Buyers Conference San Francisco,
GlobalGrain 2005 For more information on GlobalGrain 2005
Regina Festiv-Ale. A premium beer festival featuring the best beer from Canada
Brewtopia. The event has two tasting sessions, local brews, live entertainment, food
Festival of Barrel-Aged Beer
Great International Beer Festival
Phinney Neighborhood Association Beer Taste
Orlando Beer Festival
Great Brews of America Beerfest
5th International Forum " Drinks Industry 2005"



More events are available on site e-malt.com
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