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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

26 Sept - 27 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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Other e-malt.com newsletters

Last five newsletters
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Newsletter 38b, 2005

See this Newsletter!
Newsletter 38a, 2005

See this Newsletter!
Newsletter 37b, 2005

See this Newsletter!
Newsletter 37a, 2005

See this Newsletter!
Newsletter 36b, 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

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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 39a
September 26 - September 27, 2005

Currency Rates
Base Currency: Euro, EUR
on 27-September-2005

1 EUR = 1.2075 USD
1 EUR = 0.6789 GBP
1 EUR = 1.4158 CAD
1 EUR = 1.5958 AUD
1 EUR = 135.46 JPY
1 EUR = 2.717 BRL
1 EUR = 34.4862 RUB
1 EUR = 9.8453 CNY
Base Currency: US Dollar
on 27-September-2005

1 USD = 0.8284 EUR
1 USD = 0.5622 GBP
1 USD = 1.1725 CAD
1 USD = 1.3216 AUD
1 USD = 112.2 JPY
1 USD = 2.2501 BRL
1 USD = 28.56 RUB
1 USD = 8.1072 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Denmark: Carlsberg shuts down half of its breweries in Europe... Click here

Brazil: InBev aims to exceed Anheuser-Busch's 29% profit margin by 2008... Click here

Japan: Premium beers on rise in Japan... Click here

Australia: Lion Nathan looks for legal way to stop the extraordinary meeting at Coopers... Click here

Russia: Baltika’s minority shareholders revolted about second postponement of court case... Click here

UK & Australia: Scottish & Newcastle and Foster’s dispute over European distribution agreement... Click here

Australia: ABB Grain announces malting barley sliding scale for 2005/2006 season... Click here

Canada: Carry-in barley stocks for 2005-06 increased by about 66% to 3.5 million tonnes... Click here

USA: Hops shipping to Coors and Anheuser-Busch factories was started... Click here

More News
Australia: Cooper’s shareholders plan preventing Lion Nathan from buying Cooper’s shares ...more info

Belarus: Syabar brewery will launch beer production in October ...more info

Estonia: Country’s largest brewery, Saku Õlletehas, accumulated 44.8% market share in H1 2005 ...more info

Belgium: Deutsche bank raises InBev target price ...more info

World: By 2011 world malting barley trade is to grow by 14% ...more info

Canada: CWB – 2005/06 and 2004/05 Pool Return Outlooks enclosed ...more info

USA: Idaho Grain about barley market ...more info

Belgium: Rita Hurricane doesn’t affect as foreseen share prices, InBev still leading in the market ...more info

Australia: ABB’s Victorian No.1 Pool now open for 2005/2006 ...more info

South Korea: Hite Brewery’s shares on rise as the Jinro stake is given up ...more info

Ukraine: The Ukrainian barley market managed to stabilize in August-September ...more info

Belgium: InBev selects software solutions provider to improve its global supply chain efficiency ...more info

USA: Coors Light(R) Plastic bottle cooler box named best new packaging innovation for 2005 ...more info



Brewery News

Denmark: Carlsberg shuts down half of its breweries in Europe

Danish brewing force, Carlsberg A/S, will shut down almost a half of its breweries in Europe. This would be a part of a plan to streamline production on the continent, a spokesman for the Copenhagen-based group said on September 27, according to Canadian Press. The brewery, which produces the Carlsberg and Tuborg beer brands, wants to close 14 of 29 beer plants but has not yet decided which breweries will shut down and when, or how many jobs will be affected.

"As a group, our breweries also must become more efficient across the borders," group spokesman Jens Peter Skaarup said in an interview. "It will mean that some breweries will be closed. These cutbacks are necessary in western Europe where people are drinking more and more wine and there are fewer young people, who are traditionally big beer drinkers."

In an interview with the Boersen financial newspaper published Tuesday, Carlsberg chief executive Nils Smedegaard Andersen singled out the brewery in Copenhagen, saying "it likely would not exist" in six years.

"We cannot say when it is going to happen for the other breweries," Skaarup said. The other breweries are located in nine European countries.

In August 2005, Carlsberg said it ...

...
more info


Brazil: InBev aims to exceed Anheuser-Busch's 29% profit margin by 2008

The chief executive of InBev, the world's biggest brewer, John F. Brock, has been brushing up on his Brazilian, New York Times communicated on September 26.

"Loosely translated, jinga means effortless flair," he said last week in an interview to the newspaper in his office in Leuven, near Brussels. Holding up a bottle of Brahma, a beer brand that Interbrew acquired a year ago when it bought AmBev, Brazil's biggest brewer, he said he intended to sell Brahma around the world on the strength of its jinga.

John F. Brock, InBev's chief executive, hopes to exceed Anheuser-Busch's 29 percent profit margin by 2008. But AmBev's influence in last year's deal that created InBev is less about the effortless flair of Brazilian dance, style and soccer and more about the unglamorous task of cutting costs.

The old Interbrew prided itself on its marketing savvy and its focus on local markets. It called itself the world's local brewer. AmBev, on the other hand, which still functions under its old name and has its shares listed on the Brazilian stock exchange, is known in the beer industry for being obsessive about efficiency.

"The sales force there all drive gray cars because it is the cheapest ...

...
more info


Japan: Premium beers on rise in Japan

The beer shipments by five major brewers for August, posted the first rise in eight months, increasing 2.1 % from a year earlier. The premium beer sales were particularly strong, and brewers such as Suntory, Sapporo Breweries Ltd., Kirin Brewery Co. and Asahi Breweries Ltd. increased production to meet rising demand, Asahi IHT announced on September 23.

Sales of Suntory's Premium Malt's jumped 140 % year on year. In August, sales of Sapporo's Yebisu beer rose 10 % year on year, and those of Kirin's Brau Meister increased six fold. Sales of Asahi's Jukusen tripled in the January-August period from year-earlier levels.

Yuko Kitakaze, a senior planner at Dentsu Inc.'s Center for Consumer Studies said :"By drinking premium beer about once a week, consumers, who maintained a thrifty lifestyle during the recession, perhaps want to feel that they have some leeway for spending in their lives".


Australia: Lion Nathan looks for legal way to stop the extraordinary meeting at Coopers

Lion Nathan is considering legal action to try to stop a critical Coopers Brewery extraordinary general meeting to be held on October 20 in Adelaide during which the shareholders will try to remove the pre-emptive rights of Lion Nathan to buy shares from the company's constitution, according to a report of Australian Financial Review of September 27.

The meeting notice was sent to Coopers' 117 shareholders late last week with an explanatory memorandum. But Lion is assessing its legal position and might move to try to delay or stop the meeting being held.

Lion chief executive Rob Murray said: "We're considering our legal options." He also said Lion was content with its current position in the takeover battle, which started on September 1 with a bid of A$260 a share, valuing Coopers at A$352 million. "We're comfortable with our level of progress."

Lion does not own any Coopers shares but one Coopers shareholder lodged a transfer notice in the hours before the bid was announced for 6000 shares to be sold to Lion. Lion also has several pre-bid agreements from other Coopers shareholders willing to sell, subject to the dispute over pre-emptive rights being resolved.

More than 75 per ...

...
more info


Russia: Baltika’s minority shareholders revolted about second postponement of court case

The minority shareholders of Scottish & Newcastle's half-owned Russian brewery, Baltika, hit out on September 23 at the second postponement of a claim brought in a St Petersburg court about allegations of irregular voting on a brewery restructuring plan, Business Scotsman communicated on September 24.

A statement issued by shareholders, following the second postponement of the case in two months on Thursday, said: "We note with considerable concern that the Court Hearing of the claim by minority shareholders of Baltika, which was due to be held on 22 September in St Petersburg, has for the second time been postponed at the request of the defendants.

"Yet again, the defendants have sought to delay this process, which we construe as a deliberate attempt by BBH ,the majority shareholder of Baltika, and its owners, S&N and Carlsberg, to frustrate the legitimate interests of the minority shareholders in seeking adequate protection of their rights under Russian law." It is understood the case has now been adjourned until 29 September after the Baltika registrar, ZAO Ediny, failed to turn up for the hearing this week. Lawyers for the other defendant, Hartwall Capital, were present, sources stated.

A source close to the minority shareholders who ...

...
more info


UK & Australia: Scottish & Newcastle and Foster’s dispute over European distribution agreement

Scottish & Newcastle brewery is on the edge of a fight with Australian brewing giant Foster's over the terms of its multi-million pound European distribution agreement for the lager, Business Scotsman reported on September 24.

Trevor O'Hoy, Foster's chief executive last week launched an attack on the existing agreement, which gives S&N the right to brew and distribute in Europe and Russia. O'Hoy stated he was "hell-bent" on changing the terms of the S&N licence and another agreement with SABMiller to sell Foster's in the US, as he felt he was being short-changed.

Foster's is one of the main focuses of S&N's big budget advertising and promotion campaigns and has been responsible for the sales turnaround in its UK business.

O'Hoy told the briefing that the S&N deal was struck at a level far below current market rates. While the core Foster's brand sells as much globally as the rest of his beer brands combined, it only makes one fifteenth of the returns. He said: "Let me assure you that we are hell-bent on changing those agreements and getting our share of probably the fastest growing premium beer brand in the world today. "We just have to change the mechanics of ...

...
more info

Barley News

Australia: ABB Grain announces malting barley sliding scale for 2005/2006 season

Major Australian agribusiness ABB Grain Ltd announced on September 26 its sliding scale adjustments for the 2005/2006 season malting barley pool, enabling growers who deliver Malting 3 quality barley in South Australia to benefit from better returns.

ABB’s general manager marketing, Nigel Officer, said that malting barley deliveries into an SA pool option for the coming harvest, that had less than 70% retention and protein levels between 9% and 12.8%, would be graded as Malt 3, and have the sliding scale applied to it.

The sliding scale reflects market value for the malting barley based on protein level and the retention percentage of grower deliveries.

“The scale basically benefits growers who deliver Schooner or Sloop varieties of barley, but just miss out on their grain being graded Malt 1,” Mr Officer said.“The sliding scale will apply to SA pool deliveries only.”

Mr Officer said that the sliding scale would only apply to Schooner and Sloop varieties. Other varieties, such as Gairdner and Baudin, were predominantly for domestic use and, as there was little demand for Malting 3 grain in these varieties, ABB would have no Malt 3 segregations for these varieties.

“What we’re trying to do with the sliding scale is to stop the ‘cliff ...

...
more info


Canada: Carry-in barley stocks for 2005-06 increased by about 66% to 3.5 million tonnes

Statistics Canada's "Stocks of Canadian Grain at July 31, 2005" report indicated that carry-in barley stocks increased by about 66% from 2004-05 to 3.5 Mt, as a result of large production of low-quality barley and lower exports in 2004-05. Although production is estimated to fall from 2004-05, total supply is up by 3%, Agriculture and Agrifood Canada said on September 20.

Exports are expected to rise significantly, due to higher exportable supplies of malting barley in Canada and less competition in overseas markets. Carry-out stocks are expected to drop significantly. The off-Board feed barley price is forecast to rise slightly.

Malting barley export prices will be pressured by the strength in Canadian dollar and improved world supplies, with the CWB PRO for Special Select 2-Row down by C$6/t from 2004-05 to C$172/t.

AAFC stated that the pace of harvest in western Canada is behind normal due to untimely rains, particularly in Saskatchewan and Alberta, where harvest progress is well behind normal. The delay caused by rain may reduce the quality of the crop, but the average quality of the crop in western Canada is expected to be better than last year's poor quality crop. Protein levels are expected to be below ...

...
more info

Hops News

USA: Hops shipping to Coors and Anheuser-Busch factories was started

Willamette Valley farms have begun shipping hops throughout the country to the nation's largest beer producers, The Associated Press has recently posted. According to the Oregon Hop Growers Association, Oregon is the second-largest hop producer in the United States after Washington.

At Goschie Farms in Silverton, workers are busy harvesting 250 acres of hop plants. The farm produces 400,000 pounds of hops each season.

The hops are shipped to Coors and Anheuser-Busch factories after being dried, cooled and packed into 200-pound sacks.


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.2075 September 27, 2005 
 Crop year   2005 
 Parity   FOB Creil 
 Position   July 2005 
Type   Variety  EURO  USD 
2RS  Scarlett  118.50  143.50 
2RS  Prestige  118.00  142.50 
2RS  Cellar  118.00  142.50 
2RS  Aspen  nq  nq 
2RS  Optic  nq  nq 
2RS  Sebastien  116.00  140.50 
2RS  Astoria  116.00  140.50 
2RS  Cork   115.50  139.50 
6RW  Esterel   105.00  127.00 
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 tonnes 2001-2002 2002-2003 2003-2004 2004-2005 s 2005-2006 f
Production 8 280 3 865 10 382 6 454 6 640
   Domestic use 2 535 1 986 2 429 2 643 2 748
   as malt and other human use 161 165 168 172 176
   feed 2 200 1 650 2 100 2 300 2 400
   seed 174 171 161 171 172
 Exports  5 274 2 608 6 996 4 854 4 532
   as malting barley 1 705 1 099 2 135 1 324 1 178
   malt (grain equivalent) 600 624 624 562 534
   feed barley 2 971 885 4 241 4 854 2 820
s - estimated, f - forecast, source - ABARE September 6, 2005

Graph of the week

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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