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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

24 Oct - 25 Oct 2005
Crop 2005
2rs Barley €117.0-118.0
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
See this Newsletter!
Newsletter 42b, 2005

See this Newsletter!
Newsletter 42a, 2005

See this Newsletter!
Newsletter 41b, 2005

See this Newsletter!
Newsletter 41a, 2005

See this Newsletter!
Newsletter 40b, 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.
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The graphs are updated from time to time. Just see the updates online on e-malt.com site !


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 43a
October 24 - October 25, 2005

Quote of the week

"There is no success without hardship."
Sophocles (496-406 BC)

Currency Rates
Base Currency: Euro, EUR
on 25-October-2005

1 EUR = 1.1983 USD
1 EUR = 0.6779 GBP
1 EUR = 1.4226 CAD
1 EUR = 1.5969 AUD
1 EUR = 138.38 JPY
1 EUR = 2.7112 BRL
1 EUR = 34.245 RUB
1 EUR = 9.7044 CNY
Base Currency: US Dollar
on 25-October-2005

1 USD = 0.8347 EUR
1 USD = 0.5657 GBP
1 USD = 1.1872 CAD
1 USD = 1.3326 AUD
1 USD = 115.5 JPY
1 USD = 2.2625 BRL
1 USD = 28.578 RUB
1 USD = 8.0985 CNY

EUR/USD Chart

Equities of the Largest Breweries

Top Industry News
Bulgaria: InBev's subsidiary in Bulgaria to streamline brewing production... Click here

Peru: SABMiller to buy remaining stake in Peru's Backus for USD 478 mln... Click here

Philippines: San Miguel registers 13 % rise in sales volume... Click here

Canada: Sleeman Breweries lowered its outlook for the fiscal year 2005... Click here

Russia: Beer production on rise but with slower growth rates... Click here

USA: Main giant rivals fighting for Hispanic beer market... Click here

Germany: Malt prices range for the barley crop of 2006... Click here

EU: EU Grains Management Committee’s approvals for barley exports... Click here

Ukraine: Overview on Ukrainian hop acreage... Click here

More News
Australia: Fosters in line with its financial plans for the full fiscal year 2006 ...More Info

Kenya: Kenya Breweries will spend USD 33 mln to reposition itself in the market ...More Info

USA: Explanation of fluctuations in barley loan deficiency payment levels in Idaho ...More Info

Spain: InBev closes the sale of its stake in Spanish Brewer Damm ...More Info

USA: Citigroup warns investors to stay out of beer stocks ...More Info

Australia: Australia could export 3 Million tonnes of all its barley ...More Info

Canada: Big Rock Brewry Income Trust announces monthly distribution ...More Info

USA: Coors Brewery could become a producer of innovative car fuel ...More Info

UK: InBev UK appoints a new On Trade Sales Managing Director ...More Info

USA: Sleeman makes roads for his beers to Chicago ...More Info

Australia: Issue at Foster’s: free beer or not free beer ? ...More Info

USA: Granite City Food & Brewery announces $5.34 million private financing ...More Info

USA: Anheuser-Busch announces 'Bud Light Bull Riders' as part of professional bull riding sponsorship ...More Info

USA: Saint Arnold Brewing Company introduces Saint Arnold Divine Reserve ...More Info



Brewery News
Bulgaria: InBev's subsidiary in Bulgaria to streamline brewing production

InBev S.A. announced on October 21 that its Bulgarian subsidiary will cease brewing operations in the Pleven brewery, one of its three Bulgarian breweries, on October 21, 2005, and transfer production to the remaining two breweries.

After an extensive review of its Bulgarian operations, which took over a year to conduct, InBev has decided to optimize its production activities by the end of 2005. The decision to transfer brewing and packaging operations to the two other sites is based on excess capacity, and on the disadvantages which this creates. The Pleven site will continue its production of malt; sales and distribution activities, as well as logistics operations, will also continue.

Ninety eight employees will be affected by the closure, and will be provided fair severance packages as well as support services.

As a result of the Pleven Brewery restructuring, new investments will be made, and new jobs will be created in both the Plovdiv and Haskovo breweries.

All necessary steps will be taken to ensure that the Pleven brewery production is transitioned to the rest of the Distribution centers network before the transfer of production assets takes place. The normal supply of stock to the market will also be secured. ...More Info


Peru: SABMiller to buy remaining stake in Peru's Backus for USD 478 mln

The world's third-largest beer maker, SABMiller Plc, told reporters that it will make a bid for the voting shares of Peruvian brewery, Union de Cervecerias Peruanas Backus y Johnston SAA that the company does not already control. Cheswick Comercial SA, which holds around 20 % of the class A voting stock in Backus, has agreed to tender its stock.

SABMiller will offer $25.34 in cash for each of the shares, according to a Regulatory News Service statement released today by the London-based company. The London-based group and the U.S. No. 2 brewer Miller, which it bought in 2002, said the cash needed to buy the rest of the stock was expected to be around $478 million.

SABMiller already owns about 79.7% of Backus, Peru's largest brewer, via its merger with Bavaria, the second largest brewer in South America, which was completed earlier this month.

SABMiller has been busy building up a foothold in South America in a bid to rival InBev, the world's largest brewer formed in 2004 when Brazil's AmBev merged with Belgium's Interbrew.

SABMiller now has close on 100% of the markets in Colombia, Ecuador and Peru, as well as 90% market share in El Salvador and Honduras leaving InBev ...More Info


Philippines: San Miguel registers 13 % rise in sales volume

San Miguel communicated that its beer sales outside the Philippines increased by 9 % year-on-year to USD 181.7 million in the eight months to the end of August, a 13-% rise in sales volume, according to the Xinhua Financial News agency as of 24 October 2004.

San Miguel said in a statement "Robust sales in Indonesia and Australia continued to support the international beer's positive performance" Its Indonesian subsidiary PT Delta Djakarta Tbk posted a 31-% rise in sales revenue to 347.5 billion rupiah in the January-August period as volumes sold rose 24 % from the same period last year.

J. Boag and Son Ltd, its wholly-owned subsidiary in Australia, posted a 13-% rise in revenue to 61.2 million Australian dollars on the back of a 16-% rise in sales volume. Sales in China rose 13 % in volume terms, although no financial details were provided.


Canada: Sleeman Breweries lowered its outlook for the fiscal year 2005

Sleeman Breweries Ltd. announced on October 24 that the Company lowered its outlook for expected earnings per share excluding non-recurring items (“normalized earnings per share”) to between $0.81 and $0.85 for its 2005 fiscal year.

The principle reason for the lower outlook is the increase in competitive pricing activities, particularly in the Ontario and Quebec premium markets, but also in Eastern and Western Canada, in the value segment, where small brewers benefit from tax subsidies.

“While we are pleased with the preliminary information on our third quarter and are confident about continued growth in the fourth quarter we have revised our previous guidance due to increased competitive price activities in the Canadian beer market and their estimated impacts on our prospects for the remainder of the year,” said John Sleeman, Chairman and Chief Executive Officer.

“At the same time, we believe the actions we are taking to reduce our production, distribution and selling, general and administrative costs coupled with the introduction of new products and sales and marketing programs as well as our new Femsa contract leave us well positioned to return to more traditional growth next year. Sleeman is a profitable company that remains committed to growing long term shareholder ...More Info


Russia: Beer production on rise but with slower growth rates

Russian breweries produced more beer in January-September 2005, they increased the beer output by 4.6% year-on-year to 69.4 million hl, The Russian Brewers' Union communicated on October 24 citing the Federal State Statistics Service.

According to the statement of Russian Brewers' Union, the beer production growth rates were higher in January-September 2004, when they stood at 12.9% year-on-year.

"The drop in beer production growth tempo was the result of restrictions on advertising that took effect in September 2004 in addition to the passing of the anticipated inflation level for excises on beer in 2005," the Union stated.


USA: Main giant rivals fighting for Hispanic beer market

Anheuser-Busch the main rival of Miller Brewing, is intending to increase its marketing to Hispanics, about a year after Miller began a major push to conquer this market segment. Milwaukee Journal reported on October 25 that Anheuser-Busch, the brewer of Budweiser and Bud Lite, is increasing spending in its advertising to Hispanics by 66 %. The St. Louis-based company plans to spend $60 million on Hispanic media in 2006, about 11 % of its estimated $550 million total advertising budget in 2004.

The brewer Anheuser-Busch holds about a 50 % market share in the United States and is the top brewer in the Hispanic market through its 50 % ownership in Mexico City-based Grupo Modelo, which exports five brands, including Corona products, and is the exclusive importer and distributor of Anheuser-Busch's products in Mexico.

In an attempt to capture a larger share of the Hispanic market, Milwaukee-based Miller started a major marketing effort in late 2004 to reach that audience. Miller's efforts include an October 2004 advertising and marketing arrangement with Spanish-language broadcaster Univision Communications Inc., Los Angeles, worth more than $100 million; and sponsorship of a November 27, 2004, boxing match between super lightweights Marco Antonio Barrera and ...More Info

Malt News
Germany: Malt prices range for the barley crop of 2006

German analysts reported initial malt sales for the barley crop of 2006, for delivery in 2007. The reported price range from € 245.- to € 265. According to industry specialists this price range sounds too wide and therefore almost unbelievable, but at least those prices would be higher than the € 225.- / € 230.- of crop 2005 malt

Barley News
EU: EU Grains Management Committee’s approvals for barley exports

The EU Grains Management Committee rejected all bids to export free market barley this week. They approved bids to export a total of 189.8 TMT of intervention barley stocks this week at minimum selling prices ranging from 95.53 to 97.16 euros/MT.

They also approved 649 MT of intervention barley stocks be released for Spain at a min. selling price of 87.50 euros/MT. The Japanese Agriculture Ministry (MAFF) didn’t purchase any barley in their weekly tender.

Hops News
Ukraine: Overview on Ukrainian hop acreage

The Ukrainian hop acreage fell by 26% from 2003 to 2004. The reduction in acreage applied both to aroma hops and to bitter hops, according to Barth Report.

The most widely grown varieties remained Klon-18 in the aroma hop category and Polski among the bitter hops.

In 2004 the yield per mt/ha was significantly above the long-term average. The alpha content of the crop was below that of the previous year: aroma hops 3.1% (3.7%), bitter hops 6.4% (7.5%).


Malting barley prices. French barley prices.
Nominal prices.

EURO = USD 1.1983 October 25, 2005 
 Crop year   2005 
 Parity   FOB Creil 
 Position   July 2005 
Type   Variety  EURO  USD 
2RS  Scarlett  118.50  142.00 
2RS  Prestige  118.00  141.50 
2RS  Cellar  118.00  141.50 
2RS  Aspen  nq  nq 
2RS  Optic  nq  nq 
2RS  Sebastien  116.50  140.00 
2RS  Astoria  116.50  140.00 
2RS  Cork   115.50  138.50 
6RW  Esterel   105.00  126.00 
Table of the week

Canada: Barley Supply and Demand 2003-2006

  2003-2004   2004-2005   2005-2006 f  
  Seeded area, '000 ha 5,046  4,678  4,481 
  Harvested area, '000 ha 4,446  4,050  3,880 
  Yield, tonne/ha  2.77  3.26  3.13 
  Production, '000  metric tonnes 12,328  13,186  12,133 
  Imports, '000 metric tonnes 36  80  30 
  Total Supply, '000 metric tonnes 13,838  15,368  15,652 
  Exports, '000 metric tonnes  2,456  1,862  2,500 
  Food & Industry Use, '000 metric tonnes 287  263  360 
  Feed, Waste and Dockage, '000 metric tonnes 8,579  9,348  10,002 
  Total Domestic Use, '000 metric tonnes 9,280  10,017  10,752 
  Carry-out Stocks, '000 metric tonnes 2,102  3,489  2,400 
  Average Price, CA$/tonne 135.80  112.15  100-120 

f: forecast, Agriculture and Agri-Food Canada, October 7, 2005 Graph of the week

Agenda
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"

December 2005:
Americas Food & Beverage Show
BevTech / BrewTech International Exhibition
Holiday Ale Festival
Beer Tasting & Education
Great Welsh Beer & Cider Festival
10th Annual Holiday Ale Festival
9th Annual San Diego Strong Ale Festival
Charity Beer Walk features...
December Holidaze Beer Tasting
Kerstbierfestival (11th Christmas Beer Festival). O.B.E.R.



More events are available on site e-malt.com
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