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E-Malt.com Flash 45a
November 05 - November 07, 2007
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Quote of the week
"Profit is an illusion, cashflow is fact"
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Currency Rates

Base Currency: Euro, EUR
on 31-October-2007

1 EUR = 1.4514 USD
1 EUR = 0.6964 GBP
1 EUR = 1.349 CAD
1 EUR = 1.5714 AUD
1 EUR = 166.284 JPY
1 EUR = 2.5265 BRL
1 EUR = 35.7124 RUB
1 EUR = 10.8356 CNY
Base Currency: US Dollar
on 07-November-2007

1 USD = 0.689 EUR
1 USD = 0.4798 GBP
1 USD = 0.9295 CAD
1 USD = 1.0826 AUD
1 USD = 114.573 JPY
1 USD = 1.7408 BRL
1 USD = 24.6057 RUB
1 USD = 7.4657 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend
November 07, 2007
Crop 2007 Crop 2008
2rs Barley €314.0-316.0 2rs Barley €275.0-277.0
6rw Barley €283.0-285.0 6rw Barley €238.0-240.0
2rs Malt €550.5-552.5 2rs Malt €499.0-501.0
6rw Malt €511.5-513.5 6rw Malt €452.5-454.5

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 Prices are theoretical and based FOB Antwerp being estimated on French malting . The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


Top Industry News

Denmark: Carlsberg 3rd quarter profit rises 29% on Eastern European sales ...Click here
USA & Canada: Molson Coors reported higher income and earnings per share for the third-quarter of 2007 fiscal year ...Click here
Russia: Efes Breweries to consolidate Krasny Vostok stake into Moscow Efes for $368 million ...Click here
Philippines: San Miguel's domestic beer unit announces 11.74 % increase in net income for 9 month of 2007 ...Click here
Brazil: AmBev in process to buy Cintra beer brand ...Click here
Europe: Citigroup claims S&N sale is best option for shareholders ...Click here
China & Taiwan: Chinese becomes a major malt exporter as it won a tender in Taiwan for deliveries of 163,000 tons of malt ...Click here
Europe: Malting barley prices dropped in October but the amount of businesses was again negligible ...Click here
Europe: European Union barley crop estimates have stabilized at 57-58 Mill. tons ...Click here
Japan: Government boosts barley import budget after record prices caused the first funding shortfall for the purchases in almost three decades ...Click here
USA: Chinese barley purchase from Canada should keep U.S. prices strong ...Click here
Australia: ABB announces record harvest pool first advances of $325/tonne for malting barley ...Click here




USA: Boston Beer 3rd quarter profit falls on rising costs of ingredients and packaging material ...More Info
Russia: Baltic Beverages Holding (BBH) 3rd quarter profits surged 10.5 % on higher sales ...More Info
USA: The beer wars may be back as Miller new advertisement attacks Anheuser-Busch ...More Info
USA: Pyramid’s Snow Cap Winter Ale celebrates its 21st birthday ...More Info
Australia: Coopers launches new beer for Christmas ...More Info
USA: Battle of beer towns for Miller's headquarters ...More Info
Zambia: Zambian Breweries launched new Italian beer ...More Info
USA: Budweiser renews official beer status with NHRA drag racing making it one of the longest-running sponsorships in sports ...More Info
UK: Carlsberg chief accountant jailed for £366,000 theft ...More Info
Romania: Barley growers optimistic about 2008 grain crop due to last few month rainfalls ...More Info
UK: Barley Yellow Dwarf Virus (BYDV) threat likely to increase ...More Info
New Zeeland: New Zealand brewers face rising malt barley prices ...More Info
Iran: Barley production estimates slightly higher than in 2006-2007 ...More Info
Go to our news database with more than 11670 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Denmark: Carlsberg 3rd quarter profit rises 29% on Eastern European sales
Carlsberg A/S, said 2007 third-quarter profit rose 29 percent on sales in Eastern Europe, in a press release, November 7.

Business development

Beer sales in ...More Info

USA & Canada: Molson Coors reported higher income and earnings per share for the third-quarter of 2007 fiscal year
Molson Coors Brewing Company reported higher income and earnings per share from continuing operations on increased net sales for the Company’s fiscal 2007 third ...More Info

Russia: Efes Breweries to consolidate Krasny Vostok stake into Moscow Efes for $368 million
Efes Breweries International NV said it is consolidating its stake in Krasny Vostok Brewing Group into Moscow Efes Brewery (MEB), its operating subsidiary in ...More Info

Philippines: San Miguel's domestic beer unit announces 11.74 % increase in net income for 9 month of 2007
San Miguel Brewery, Inc., the largest beer producer in the country, saw an 11.74% increase in net income during the nine-month period, Business World ...More Info

Brazil: AmBev in process to buy Cintra beer brand
Brazilian brewer Companhia de Bebidas das Americas, or AmBev, has started the process of acquiring the brand of local brewer Cintra for $10 million, ...More Info

Europe: Citigroup claims S&N sale is best option for shareholders

The best option for Scottish & Newcastle shareholders is a sale of the business, according to a global brewing report by Citigroup, The Herald reported November 6.

"We expect S&N to pursue a vigorous defence of its shareholders' interests, but in our view maximum value appears to lie with the company being acquired," says the report.

It says investors believe that S&N is using its arbitration proceedings in Stockholm as a tactic, and that "the prospect of lengthy court proceedings and an uncertain outcome may persuade Carlsberg/ Heineken to raise their offer such that S&N management ceases to pursue the case."

Citigroup says Carlsberg is "highly unlikely" to want to relinquish its joint ownership of BBH, the subject of the Stockholm arbitration, while S&N shareholders are likely to be reluctant to allow or fund S&N to buy Carlsberg's stake at a very high price, even if it were possible.

The arbitration might help secure a high price for the Scottish brewer's BBH stake, but to maximise value fully that would need to be combined with a sale of the whole business, says the report.

It also questions whether S&N shareholders "would approve a 'defensive' move such as an acquisition or merger with another party."


Malt News

China & Taiwan: Chinese becomes a major malt exporter as it won a tender in Taiwan for deliveries of 163,000 tons of malt
China has become a major exporter of malt. Last week two Chinese maltsters won the tender in Taiwan for deliveries of 163.000 tons of ...More Info

Barley News

Europe: Malting barley prices dropped in October but the amount of businesses was again negligible
Malting barley prices had exploded from EUR 165,- to 335,- (FOB Creil, basis July) from February till September of this year, according to analysts, ...More Info

Europe: European Union barley crop estimates have stabilized at 57-58 Mill. tons
EU barley crop estimates have stabilized between 57 and 58 Mill. tons, feed use will be no more than 36 Mill. tons, about 4 ...More Info

Japan: Government boosts barley import budget after record prices caused the first funding shortfall for the purchases in almost three decades

Japan boosted its barley and wheat import budget after record grain prices exhausted this year's allocation, causing the first funding shortfall for the purchases in almost three decades, Bloomberg reported November 6.

The government increased the budget by 55 billion yen ($480 million), or 23 percent, to 298 billion yen for the year ending March 31, the Finance Ministry said in a statement. Funding was 203 billion yen last fiscal year.

Japan relies on imports for 71 percent of its food barley. Rising costs are forcing companies such as Kirin Holdings Co., Japan's biggest brewer, and Yamazaki Baking Co. to increase prices.

``We ran out of money for wheat and barley imports by the end of October,'' said Youichirou Tomiyoshi at the Ministry of Agriculture, Forestry and Fisheries Grain Trade Division. ``We may have to add more money by the end of the current fiscal year if costs to import the grains stay high,'' he said by phone today.

Barley for March delivery closed at C$198.10 a ton on the Winnipeg Commodities Exchange, gaining 34 percent this year.

Japan's food barley imports are forecast to fall to 270,000 tons from 380,000 tons, according to the ministry. Australia is the largest ...More Info


USA: Chinese barley purchase from Canada should keep U.S. prices strong
A major sale of Canadian malting barley to China is expected to keep U.S. prices strong in the near term, an official said, The ...More Info

Australia: ABB announces record harvest pool first advances of $325/tonne for malting barley

ABB Grain Ltd announced record harvest pool first advances of $325/tonne for malting barley and $262/tonne for feed barley, following the opening of its 2007/2008 harvest barley pools, according to ABB’s press release, November 7.

ABB Grain’s managing director, Michael Iwaniw, said the figures represented “unprecedented first advances” and reflected continued, exceptionally high international barley prices.

This week ABB opened its 2007/2008 harvest barley pools quoting gross pool returns of $375-$385/tonne for malting 1 and $300-$310/tonne for feed 1 grade.

Mr Iwaniw said the pool advances took into account current market conditions including international barley prices, the value of the Aussie dollar and ship chartering rates.

“Growers have witnessed record prices for barley and this has been driven by a combination of reduced supply in the international and domestic markets,” he said. “ABB has been able to capture these prices with some sales to regular customers which are reflected in the price estimates.

“As always we will be endeavouring to maximise pool returns and we believe growers will find these pool estimates for the 2007/2008 crop and the first advances, very attractive.

“ABB, as usual, will continue its renowned reliability of payment to growers. Once growers have delivered barley to our pools, the average payment time ...More Info

Scientific Digest

CO2 correction factor for the net contents of containers

Submitted by Josep Torrent on behalf of the Analysis Conrniittee of the European Brewery Convention

SUMMARY
A new formula to replace the current EBC formula for the cor-rection of net contents in beer containers for the presence of CO2 has been derived from a bibliographic study that reviews the influence of carbonation on beer density determinations. The study reviews the relationship between beer density and CO2 partial molal volume (PMV) as defined by the American Societyof Brewing Chemists (ASBC) (ASBC Methods of Analysis Fills–1 formula) and that given by the European Brewery Con-vention Analysis Committee (EBC) and shows that in the currentEBC equation a CO2PMV of 0.65 mL/g and a residual CO2content after degassing of 0 v/v or % (m/m) is used. Experimen-tal determination of CO2PMV gives values of 0.73 ± 0.01 mL/gfor most of the standard European beers as Lager, Pilsener, Pre-mium and Export styles. Residual CO2levels after decarbona-tion were quantified for a series of degassing methods and werefound to be between 0.20 to 0.50 v/v average 0.40 v/v or 0.08%(m/m). A new equation for determining the CO2correction was then proposed assuming a PMV of 0.73 mL/g and a beer car-bonation level of 0.40 v/v or 0.08% (m/m) after normal de-gassing. The new formula is recommended for inclusion in Ana-lytica-EBC replacing the current formula.
... Load full article, 4 pages, 169 Kb, PDF file

Malting barley prices.

Prices for Danish malting barley are available
on site www.e-malt.com/MarketPrices

Theoretical malt prices

Theoretical malt prices (Crop 2007, Crop 2008).


NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Table of the week

Canada: Barley Supply and Disposition as of October 12, 2007
Table of the week. Make it clear - Membership for one year is 169 EUR.
Graph Of The Week


These Days in Business History
November 05
1492 Christopher Columbus learns of maize (corn) from Indians of Cuba
1895 George Selden patents 1st gasoline-driven car

November 06
1851 Charles H Dow was born, co-founded Dow Jones/1st editor of Wall St Journal
1923 Col Jacob Schick patents 1st electric shaver

November 07
1865 London Gazette, oldest surviving journal, is founded
1867 Marie Curie is born, French Scientist, discovered radium, Nobel 1903, 1911
1929 The stock market sludges through a day of murky panic, as 2.4 million shares trade in the first half-hour, one of the heaviest openings yet on record
Agenda